Crexendo, Inc. (NASDAQ:CXDO) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its stake in Crexendo, Inc. (NASDAQ:CXDO - Free Report) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 219,076 shares of the company's stock after selling 65,026 shares during the quarter. Legato Capital Management LLC owned about 0.82% of Crexendo worth $1,146,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CXDO. Advisor Resource Council acquired a new position in shares of Crexendo during the 3rd quarter worth approximately $93,000. GSA Capital Partners LLP grew its position in shares of Crexendo by 41.2% during the 3rd quarter. GSA Capital Partners LLP now owns 17,598 shares of the company's stock worth $82,000 after purchasing an additional 5,139 shares in the last quarter. Barclays PLC acquired a new position in shares of Crexendo during the 3rd quarter worth approximately $109,000. Geode Capital Management LLC grew its position in shares of Crexendo by 18.4% during the 3rd quarter. Geode Capital Management LLC now owns 140,193 shares of the company's stock worth $651,000 after purchasing an additional 21,739 shares in the last quarter. Finally, ARS Investment Partners LLC acquired a new position in shares of Crexendo during the 4th quarter worth approximately $243,000. 9.53% of the stock is owned by institutional investors.

Insider Activity

In related news, CTO David Tzat-Kin Wang sold 106,667 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $4.90, for a total transaction of $522,668.30. Following the transaction, the chief technology officer now directly owns 443,079 shares in the company, valued at approximately $2,171,087.10. The trade was a 19.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey G. Korn sold 7,000 shares of Crexendo stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $5.25, for a total transaction of $36,750.00. Following the completion of the sale, the chief executive officer now directly owns 249,730 shares in the company, valued at approximately $1,311,082.50. This represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 131,960 shares of company stock valued at $653,627. Insiders own 56.20% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, D. Boral Capital began coverage on shares of Crexendo in a research report on Tuesday, January 21st. They set a "buy" rating and a $7.00 target price on the stock.

Crexendo Trading Down 0.3 %

Crexendo stock traded down $0.02 during mid-day trading on Friday, reaching $6.01. The company had a trading volume of 59,045 shares, compared to its average volume of 112,236. The business has a fifty day simple moving average of $5.50 and a 200 day simple moving average of $5.18. The company has a market cap of $160.59 million, a P/E ratio of 200.40 and a beta of 1.11. Crexendo, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $7.59.

Crexendo Company Profile

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.