Jeffrey Korn Sells 20,000 Shares of Crexendo (NASDAQ:CXDO) Stock

Crexendo Inc. (NASDAQ:CXDO) CEO Jeffrey Korn sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $8.16, for a total transaction of $163,200.00. Following the sale, the chief executive officer directly owned 228,615 shares in the company, valued at $1,865,498.40. This represents a 8.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Crexendo Stock Up 17.2%

Shares of NASDAQ:CXDO traded up $1.43 during trading on Wednesday, reaching $9.74. The stock had a trading volume of 1,163,753 shares, compared to its average volume of 240,482. The stock has a market cap of $303.40 million, a P/E ratio of 64.93 and a beta of 0.93. The business has a fifty day moving average price of $6.52 and a 200-day moving average price of $6.60. Crexendo Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $9.78.

Crexendo (NASDAQ:CXDO) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The firm had revenue of $20.71 million for the quarter, compared to analyst estimates of $19.63 million. Crexendo had a net margin of 6.15% and a return on equity of 14.49%. As a group, equities analysts forecast that Crexendo Inc. will post 0.27 EPS for the current year.

Crexendo News Summary

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target to $12 and initiated/maintained a Buy rating, implying further upside and likely supporting buying interest. Benzinga: Needham PT Raise The Fly: Needham PT Raise
• Positive Sentiment: Q1 2026 results beat estimates: revenue $20.71M (+29% YoY) and EPS $0.10 vs. consensus $0.08; GAAP net income ~$0.6M. The top-line beat and margin improvement are the fundamental drivers of the rally. Press Release: Q1 Results
• Neutral Sentiment: Earnings-call transcript is available for investors who want details on guidance, customer wins, or margin drivers — useful for confirming whether beats will persist. Seeking Alpha: Q1 Earnings Call Transcript
• Neutral Sentiment: Analyst coverage and write-ups (Zacks, MarketBeat, financial press) highlight the company topping estimates and compare key metrics to prior periods — these notes help investors assess sustainability but are informational rather than new catalysts. Zacks: Q1 Beat
• Neutral Sentiment: Pre-earnings coverage and previews (Yahoo Finance) circulated ahead of results; useful background but not a direct driver of today’s move. Yahoo Finance: Earnings Preview

Institutional Investors Weigh In On Crexendo

Several large investors have recently made changes to their positions in the business. Essex Investment Management Co. LLC raised its stake in shares of Crexendo by 3.3% in the 3rd quarter. Essex Investment Management Co. LLC now owns 745,504 shares of the company’s stock valued at $4,846,000 after acquiring an additional 23,676 shares during the period. Vanguard Group Inc. boosted its position in Crexendo by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 701,898 shares of the company’s stock worth $4,562,000 after purchasing an additional 70,791 shares during the period. Geode Capital Management LLC increased its holdings in Crexendo by 14.3% in the 4th quarter. Geode Capital Management LLC now owns 401,356 shares of the company’s stock valued at $2,598,000 after purchasing an additional 50,288 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Crexendo by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 328,127 shares of the company’s stock valued at $2,123,000 after purchasing an additional 5,241 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Crexendo by 4.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 320,499 shares of the company’s stock valued at $2,083,000 after purchasing an additional 13,845 shares during the period. Institutional investors and hedge funds own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded Crexendo from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Crexendo in a research report on Wednesday, April 8th. Needham & Company LLC raised their price target on Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Lake Street Capital restated a “buy” rating and issued a $11.00 price target on shares of Crexendo in a report on Wednesday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Crexendo has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Crexendo Company Profile

Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company’s flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo’s product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.