Crexendo (NASDAQ:CXDO) COO Sells $187,400.00 in Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 20,000 shares of the stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $9.37, for a total value of $187,400.00. Following the completion of the transaction, the chief operating officer directly owned 231,413 shares in the company, valued at $2,168,339.81. The trade was a 7.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Douglas Walter Gaylor also recently made the following trade(s):

• On Tuesday, May 5th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The stock was sold at an average price of $8.66, for a total transaction of $86,600.00.

Crexendo Price Performance

Shares of NASDAQ CXDO traded up $1.43 during midday trading on Wednesday, reaching $9.74. 1,163,753 shares of the stock were exchanged, compared to its average volume of 240,482. The company has a market capitalization of $303.40 million, a price-to-earnings ratio of 64.93 and a beta of 0.93. Crexendo Inc. has a 12 month low of $5.07 and a 12 month high of $9.78. The business has a 50-day simple moving average of $6.52 and a two-hundred day simple moving average of $6.60.

Crexendo (NASDAQ:CXDO) last posted its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 14.49% and a net margin of 6.15%. Equities research analysts expect that Crexendo Inc. will post 0.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crexendo

Hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. increased its position in shares of Crexendo by 3.5% in the first quarter. D.A. Davidson & CO. now owns 38,463 shares of the company’s stock valued at $237,000 after acquiring an additional 1,311 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Crexendo by 2.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 94,318 shares of the company’s stock valued at $610,000 after purchasing an additional 2,260 shares in the last quarter. Bank of America Corp DE increased its position in shares of Crexendo by 71.7% during the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock worth $32,000 after purchasing an additional 2,578 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Crexendo by 172.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock worth $29,000 after purchasing an additional 2,782 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in shares of Crexendo by 13.2% during the 3rd quarter. Independent Advisor Alliance now owns 24,725 shares of the company’s stock worth $161,000 after purchasing an additional 2,890 shares in the last quarter. Institutional investors own 9.53% of the company’s stock.

Analysts Set New Price Targets

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

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.