Renaissance Technologies LLC Increases Stock Holdings in CXApp Inc. $CXAI

Renaissance Technologies LLC increased its stake in shares of CXApp Inc. (NASDAQ:CXAI) by 242.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 371,754 shares of the company’s stock after purchasing an additional 263,154 shares during the period. Renaissance Technologies LLC’s holdings in CXApp were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its position 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 acquiring an additional 50,310 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of CXApp during the fourth quarter valued at approximately $46,000. DRW Securities LLC purchased a new stake in shares of CXApp during the fourth quarter valued at approximately $44,000. Finally, XTX Topco Ltd acquired a new position in shares of CXApp during the second quarter worth $41,000. Hedge funds and other institutional investors own 14.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of CXApp to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CXApp in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

CXApp Stock Performance

CXApp stock 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 current ratio of 1.64, a quick ratio of 2.28 and a debt-to-equity ratio of 0.56. The stock has a market cap of $5.39 million, a P/E ratio of -0.15 and a beta of 0.97. The stock has a 50 day moving average of $7.67 and a 200-day moving average of $9.07.

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

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.