Crexendo (NASDAQ:CXDO) CRO Jon Brinton Sells 114,795 Shares of Stock

Crexendo Inc. (NASDAQ:CXDO) CRO Jon Brinton sold 114,795 shares of the stock in a transaction 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 owned 114,795 shares of the company’s stock, valued at approximately $1,049,226.30. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Crexendo Trading Up 0.4%

Shares of NASDAQ CXDO opened at $9.78 on Friday. Crexendo Inc. has a 12-month low of $5.08 and a 12-month high of $9.84. The company has a market cap of $317.07 million, a P/E ratio of 65.20 and a beta of 0.93. The stock has a fifty day moving average price of $6.60 and a 200 day moving average price of $6.63.

Crexendo (NASDAQ:CXDO) last announced its quarterly earnings results 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. Crexendo had a return on equity of 13.84% and a net margin of 6.15%.The firm had revenue of $20.71 million during the quarter, compared to the consensus estimate of $19.63 million. On average, sell-side analysts forecast that Crexendo Inc. will post 0.27 EPS for the current fiscal year.

More Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target on CXDO to $12.00 and reiterated a Buy rating, implying notable upside from recent levels — a clear catalyst for demand. Read More.
• Positive Sentiment: Crexendo reported Q1 results that beat expectations (revenue ~$20.7M vs. consensus ~$19.6M; EPS $0.10 vs. $0.08) and management highlighted accelerating growth and profitability — supports the “momentum” narrative and valuation re?rating. Read More.
• Positive Sentiment: Management will present at upcoming investor conferences (Needham TMC and LD Micro), providing forums to discuss the recent ESI acquisition and 11 consecutive quarters of GAAP profitability — increases visibility with institutional investors. Read More.
• Neutral Sentiment: Third?party analyst writeups and transcripts (TipRanks/Seeks) provide additional context on customer wins, margins and product mix — useful for gauging sustainability but not an immediate directional catalyst alone. Read More.
• Negative Sentiment: Significant insider selling this week: CEO, COO, CFO and CRO disclosed multi?ten thousand share sales across May 4–6 (several Form 4 filings). Large executive disposals can create short?term selling pressure and raise governance/ownership questions for some investors. Read More.

Institutional Trading of Crexendo

Large investors have recently modified their holdings of the business. Pembroke Management LTD grew its stake in shares of Crexendo by 209.3% during the third quarter. Pembroke Management LTD now owns 195,371 shares of the company’s stock valued at $1,270,000 after acquiring an additional 132,201 shares in the last quarter. Diversify Wealth Management LLC acquired a new stake in shares of Crexendo during the first quarter valued at about $139,000. MidFirst Bank acquired a new stake in shares of Crexendo during the fourth quarter valued at about $1,277,000. Potomac Capital Management Inc. acquired a new stake in shares of Crexendo during the fourth quarter valued at about $985,000. Finally, Globeflex Capital L P grew its stake in shares of Crexendo by 593.3% during the fourth quarter. Globeflex Capital L P now owns 129,470 shares of the company’s stock valued at $838,000 after acquiring an additional 110,795 shares in the last quarter. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CXDO shares. Lake Street Capital reiterated a “buy” rating and issued a $11.00 price target on shares of Crexendo in a report on Wednesday. Wall Street Zen downgraded Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Needham & Company LLC raised their target price on Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded Crexendo from a “hold (c)” rating to a “hold (c+)” 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.40.

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.