Insider Selling: Crexendo (NASDAQ:CXDO) CEO Sells 20,000 Shares of Stock

Key Points

• CEO Jeffrey Korn sold 20,000 shares on May 4 at an average price of $8.16 for $163,200, cutting his stake by 8.04% to 228,615 shares (SEC filing disclosure).
• Q1 results beat expectations: revenue $20.71M (+29% YoY) and EPS $0.10 vs. $0.08 consensus, with GAAP net income of about $0.6M — the news helped shares jump 17.2% to $9.74 on heavy volume.
• Analyst sentiment is constructive — Needham boosted its target to $12 and four analysts rate the stock a Buy (consensus "Moderate Buy" with a $10.40 price target); Crexendo has a market cap of ~$303M and a P/E around 65.

Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CEO Jeffrey Korn sold 20,000 shares of the business's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $8.16, for a total transaction of $163,200.00. Following the sale, the chief executive officer owned 228,615 shares in the company, valued at $1,865,498.40. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Crexendo Trading Up 17.2%

Shares of NASDAQ:CXDO traded up $1.43 on Wednesday, reaching $9.74. 1,163,753 shares of the company were exchanged, compared to its average volume of 240,482. The company has a 50-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 1-year low of $5.07 and a 1-year high of $9.78.

Crexendo (NASDAQ:CXDO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.08 by $0.02. The firm had revenue of $20.71 million during the quarter, compared to analysts' expectations of $19.63 million. Crexendo had a net margin of 6.15% and a return on equity of 14.49%. As a group, analysts forecast that Crexendo Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Crexendo

A number of large investors have recently bought and sold shares of the stock. Pembroke Management LTD raised its holdings in shares of Crexendo by 209.3% in the third quarter. Pembroke Management LTD now owns 195,371 shares of the company's stock worth $1,270,000 after acquiring an additional 132,201 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Crexendo during the third quarter valued at $230,000. Diversify Wealth Management LLC acquired a new stake in shares of Crexendo during the first quarter valued at $139,000. MidFirst Bank purchased a new stake in Crexendo during the 4th quarter worth about $1,277,000. Finally, Potomac Capital Management Inc. purchased a new stake in Crexendo during the 4th quarter worth about $985,000. Institutional investors and hedge funds own 9.53% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CXDO. Lake Street Capital restated a "buy" rating and issued a $11.00 price target on shares of Crexendo in a report on Wednesday. Wall Street Zen cut Crexendo from a "strong-buy" rating to a "buy" rating in a report on Friday, January 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Crexendo in a research report on Wednesday, April 8th. Finally, Needham & Company LLC upped their target price on Crexendo from $9.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.40.

Crexendo News Summary

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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