Insider Selling: Crexendo (NASDAQ:CXDO) CEO Sells 10,000 Shares of Stock

Key Points

• CEO Jeffrey Korn sold 10,000 shares at an average price of $9.00 (a $90,000 transaction), reducing his stake by 4.57% to 208,615 shares, as disclosed in an SEC filing.
• Shares jumped 17.2% to $9.74 on heavy volume (1.16M vs. a ~240k average), pushing the stock near its 12-month high of $9.78.
• Q1 results beat expectations (revenue $20.71M, +29% YoY; EPS $0.10 vs. $0.08 consensus), prompting analyst support including Needham raising its target to $12 and a MarketBeat consensus of a "Moderate Buy" with an average target of $10.40.

Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CEO Jeffrey Korn sold 10,000 shares of the company's stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $9.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer owned 208,615 shares in the company, valued at approximately $1,877,535. This represents a 4.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Crexendo Stock Up 17.2%

Shares of CXDO traded up $1.43 during trading hours on Wednesday, hitting $9.74. The company had a trading volume of 1,163,753 shares, compared to its average volume of 240,482. The business has a fifty day moving average of $6.52 and a 200-day moving average of $6.60. The firm has a market cap 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.

Crexendo (NASDAQ:CXDO - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $20.71 million during the quarter, compared to the consensus estimate of $19.63 million. Crexendo had a net margin of 6.15% and a return on equity of 14.49%. On average, equities analysts expect that Crexendo Inc. will post 0.27 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. boosted its stake 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 buying an additional 1,311 shares during the period. Diversify Wealth Management LLC bought a new position in Crexendo during the 1st quarter worth $139,000. MidFirst Bank acquired a new position in Crexendo in the 4th quarter valued at $1,277,000. Strive Financial Group LLC bought a new stake in shares of Crexendo during the 4th quarter valued at $31,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Crexendo by 659.7% during the 4th quarter. NewEdge Advisors LLC now owns 112,353 shares of the company's stock worth $727,000 after purchasing an additional 97,563 shares in the last quarter. 9.53% of the stock is owned by institutional investors.

Key Stories Impacting Crexendo

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.

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