Crexendo (NASDAQ:CXDO) CRO Sells $1,049,226.30 in Stock

Crexendo Inc. (NASDAQ:CXDO) CRO Jon Brinton sold 114,795 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $9.14, for a total value of $1,049,226.30. Following the completion of the sale, the executive directly owned 114,795 shares in the company, valued at approximately $1,049,226.30. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Crexendo Price Performance

Crexendo stock traded up $0.06 during mid-day trading on Thursday, hitting $9.80. 395,878 shares of the company were exchanged, compared to its average volume of 206,301. The business’s 50 day simple moving average is $6.52 and its two-hundred day simple moving average is $6.60. The company has a market capitalization of $305.27 million, a P/E ratio of 65.34 and a beta of 0.93. Crexendo Inc. has a 12-month low of $5.08 and a 12-month high of $9.84.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The business had revenue of $20.71 million for the quarter, compared to the consensus estimate of $19.63 million. Crexendo had a return on equity of 14.49% and a net margin of 6.15%. Equities research analysts predict that Crexendo Inc. will post 0.27 earnings per share for the current year.

Hedge Funds Weigh In On Crexendo

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after buying an additional 2,578 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Crexendo by 28.1% during the 1st quarter. NewEdge Advisors LLC now owns 74,125 shares of the company’s stock worth $361,000 after acquiring an additional 16,267 shares during the period. Goldman Sachs Group Inc. purchased a new stake in Crexendo in the first quarter valued at approximately $431,000. Geode Capital Management LLC raised its stake in Crexendo by 120.1% during the second quarter. Geode Capital Management LLC now owns 318,001 shares of the company’s stock worth $1,930,000 after purchasing an additional 173,530 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in shares of Crexendo in the 2nd quarter valued at $41,000. 9.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CXDO has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Crexendo in a research note on Wednesday, April 8th. Needham & Company LLC boosted their price objective on shares of Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen downgraded shares of Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Lake Street Capital restated a “buy” rating and set a $11.00 target price on shares of Crexendo in a research report on Wednesday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.40.

More Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target to $12.00 and reiterated a Buy rating, implying material upside and likely attracting buyer interest. Article Title
• Positive Sentiment: Q1 2026 results beat estimates: revenue $20.7M (≈29% YoY) and EPS $0.10 vs. consensus $0.08, with GAAP net income ~ $0.6M — evidence of accelerating top‑line growth and improving profitability that supports re‑rating risk. Article Title
• Positive Sentiment: Management will present at two investor conferences (Needham and LD Micro) next week, which should increase sell‑side/investor visibility and give management a forum to discuss the ESI acquisition and 11 consecutive quarters of GAAP profitability. Article Title
• Positive Sentiment: Media coverage frames the quarter as “momentum building” and highlights accelerating growth — narrative support that can fuel further investor interest following the beat and upgrade. Article Title
• Neutral Sentiment: Earnings call transcript and analyst notes provide detail on customer wins, margin drivers and product mix; useful for assessing sustainability but not an immediate catalyst on their own. Article Title
• Negative Sentiment: Insider selling: CEO Jeffrey Korn disclosed sales totaling 30,000 shares (May 4–6) and COO Douglas Gaylor sold 30,000 shares in the same window. Large insider disposals can create short‑term selling pressure and raise questions for some investors about timing of liquidity. (CEO filing: Read More.; COO filing: Read More..)

About Crexendo

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.