Insider Selling: Crexendo (NASDAQ:CXDO) CRO Sells 114,795 Shares of Stock

Key Points

• CRO Jon Brinton sold 114,795 shares on May 6 at an average price of $9.14 for about $1.05 million, a transaction that cut his ownership by roughly 50% to 114,795 shares (SEC Form 4 filed).
• Q1 results beat estimates: Crexendo reported $20.7M revenue (≈29% YoY) and $0.10 EPS vs. $0.08 consensus, prompting a Needham price‑target raise to $12 and increased investor visibility via upcoming conference presentations.
• Additional insider selling: The CEO and COO each disclosed sales of 30,000 shares in early May, which—combined with the CRO sale—could create short‑term selling pressure despite the positive earnings and analyst upgrades.

Crexendo Inc. (NASDAQ:CXDO - Get Free Report) 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 transaction of $1,049,226.30. Following the completion of the transaction, the executive directly owned 114,795 shares in the company, valued at $1,049,226.30. This trade represents a 50.00% 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 hyperlink.

Crexendo Trading Up 0.6%

Shares of Crexendo stock traded up $0.06 on Thursday, hitting $9.80. The stock had a trading volume of 395,878 shares, compared to its average volume of 206,301. The stock has a market cap of $305.27 million, a price-to-earnings ratio of 65.34 and a beta of 0.93. Crexendo Inc. has a 52-week low of $5.08 and a 52-week high of $9.84. The company's 50 day moving average price is $6.52 and its 200 day moving average price is $6.60.

Crexendo (NASDAQ:CXDO - Get Free Report) last released its quarterly 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 company 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%. Analysts predict that Crexendo Inc. will post 0.27 EPS for the current fiscal year.

Key Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target to $12.00 and reiterated a Buy rating, implying material upside and likely attracting buyer interest. Article Title
• Positive Sentiment: Q1 2026 results beat estimates: revenue $20.7M (≈29% YoY) and EPS $0.10 vs. consensus $0.08, with GAAP net income ~ $0.6M — evidence of accelerating top‑line growth and improving profitability that supports re‑rating risk. Article Title
• Positive Sentiment: Management will present at two investor conferences (Needham and LD Micro) next week, which should increase sell‑side/investor visibility and give management a forum to discuss the ESI acquisition and 11 consecutive quarters of GAAP profitability. Article Title
• Positive Sentiment: Media coverage frames the quarter as “momentum building” and highlights accelerating growth — narrative support that can fuel further investor interest following the beat and upgrade. Article Title
• Neutral Sentiment: Earnings call transcript and analyst notes provide detail on customer wins, margin drivers and product mix; useful for assessing sustainability but not an immediate catalyst on their own. Article Title
• Negative Sentiment: Insider selling: CEO Jeffrey Korn disclosed sales totaling 30,000 shares (May 4–6) and COO Douglas Gaylor sold 30,000 shares in the same window. Large insider disposals can create short‑term selling pressure and raise questions for some investors about timing of liquidity. (CEO filing: Read More.; COO filing: Read More..)

Institutional Trading of Crexendo

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets grew its stake in Crexendo by 172.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company's stock valued at $29,000 after acquiring an additional 2,782 shares during the last quarter. Strive Financial Group LLC acquired a new position in Crexendo during the fourth quarter worth about $31,000. Bank of America Corp DE lifted its holdings in shares of Crexendo by 71.7% in the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after purchasing an additional 2,578 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Crexendo in the second quarter valued at approximately $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Crexendo in the second quarter valued at approximately $48,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Crexendo Company Profile

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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