Insider Selling: Crexendo (NASDAQ:CXDO) CFO Sells $154,570.46 in Stock

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 18,989 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $8.14, for a total value of $154,570.46. Following the completion of the transaction, the chief financial officer directly owned 162,087 shares of the company’s stock, valued at approximately $1,319,388.18. The trade was a 10.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ron Vincent also recently made the following trade(s):

• On Wednesday, May 6th, Ron Vincent sold 33,550 shares of Crexendo stock. The shares were sold at an average price of $9.36, for a total value of $314,028.00.
• On Tuesday, May 5th, Ron Vincent sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $8.63, for a total value of $86,300.00.

Crexendo Trading Down 4.3%

Shares of CXDO stock opened at $9.36 on Friday. The stock has a market cap of $303.45 million, a price-to-earnings ratio of 62.40 and a beta of 0.93. The stock has a 50-day moving average of $6.60 and a 200-day moving average of $6.63. Crexendo Inc. has a 1-year low of $5.08 and a 1-year high of $9.84.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $20.71 million during the quarter, compared to analysts’ expectations of $19.63 million. Crexendo had a return on equity of 13.84% and a net margin of 6.15%. Sell-side analysts forecast that Crexendo Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Crexendo

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in Crexendo by 172.6% during the third 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 period. Strive Financial Group LLC acquired a new stake in Crexendo during the fourth quarter worth approximately $31,000. Bank of America Corp DE grew its stake in Crexendo by 71.7% during the fourth 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 period. JPMorgan Chase & Co. acquired a new stake in Crexendo during the second quarter worth approximately $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Crexendo during the second quarter worth approximately $48,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CXDO. Wall Street Zen cut Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Lake Street Capital reissued a “buy” rating and issued a $11.00 price target on shares of Crexendo in a research note on Wednesday. Needham & Company LLC increased their price target on Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Weiss Ratings raised Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $10.40.

Trending Headlines about Crexendo

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target on Crexendo to $12.00 and reiterated a Buy rating, reinforcing the bullish view that the shares still have room to run. Article Title
• Positive Sentiment: Crexendo’s latest quarterly results beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of $20.71 million versus $19.63 million expected, supporting the company’s growth and profitability narrative. Article Title
• Positive Sentiment: Management said it will present at upcoming investor conferences, which could increase visibility with institutional investors and give the company another platform to highlight its ESI acquisition and consecutive quarters of GAAP profitability. Article Title
• Neutral Sentiment: Several analyst and commentary pieces focused on Crexendo’s growth momentum and earnings call details, adding context but not changing the near-term catalyst picture by themselves. Article Title
• Negative Sentiment: Top executives, including the CEO, COO, CFO, and CRO, disclosed sizable stock sales over May 4-6. While insider selling does not necessarily change fundamentals, it can create short-term pressure and weigh on investor sentiment. Article Title

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.