CXApp Inc. $CXAI Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of CXApp Inc. (NASDAQ:CXAI) by 242.3% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 371,754 shares of the company’s stock after buying an additional 263,154 shares during the period. Renaissance Technologies LLC owned 0.65% of CXApp worth $67,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CXAI. XTX Topco Ltd acquired a new position in shares of CXApp during the 2nd quarter valued at about $41,000. DRW Securities LLC acquired a new stake in shares of CXApp in the fourth quarter worth approximately $44,000. Virtu Financial LLC purchased a new stake in CXApp in the fourth quarter valued at approximately $46,000. Finally, Geode Capital Management LLC grew its holdings in CXApp by 32.0% in the fourth quarter. Geode Capital Management LLC now owns 207,427 shares of the company’s stock valued at $69,000 after purchasing an additional 50,310 shares during the period. 14.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Friday, July 17th. Wall Street Zen upgraded shares of CXApp to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

CXApp Price Performance

CXAI opened at $3.85 on Friday. CXApp Inc. has a 52-week low of $3.70 and a 52-week high of $51.99. The company has a 50 day moving average of $7.67 and a two-hundred day moving average of $9.07. The company has a market cap of $5.39 million, a P/E ratio of -0.15 and a beta of 0.97. The company has a quick ratio of 2.28, a current ratio of 1.64 and a debt-to-equity ratio of 0.56.

CXApp (NASDAQ:CXAI) last issued its earnings results on Friday, August 14th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($3.00) by $2.90. CXApp had a negative net margin of 446.46% and a negative return on equity of 135.04%. The business had revenue of $1.69 million for the quarter, compared to the consensus estimate of $1.15 million.

CXApp Profile

CXApp Holdings, Inc develops and delivers workplace experience software designed to help enterprises manage hybrid work environments and improve employee engagement. Its flagship platform provides a mobile-first digital workplace companion that integrates space management, wayfinding, service requests, and communications. By combining Internet of Things (IoT) connectivity and data-driven insights, the platform enables organizations to optimize real estate, enhance operational efficiency, and support health and safety protocols.

The CXApp platform offers a suite of features tailored to employees, visitors, and facilities teams.