Crexendo (NASDAQ:CXDO) CFO Ron Vincent Sells 10,000 Shares

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $8.63, for a total value of $86,300.00. Following the completion of the sale, the chief financial officer directly owned 152,087 shares of the company’s stock, valued at $1,312,510.81. The trade was a 6.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 Monday, May 4th, Ron Vincent sold 18,989 shares of Crexendo stock. The shares were sold at an average price of $8.14, for a total transaction of $154,570.46.

Crexendo Trading Up 0.4%

NASDAQ:CXDO opened at $9.78 on Friday. The stock has a 50 day moving average of $6.60 and a 200-day moving average of $6.63. The firm has a market capitalization of $317.07 million, a PE ratio of 65.20 and a beta of 0.93. Crexendo Inc. has a 52 week low of $5.08 and a 52 week high of $9.84.

Crexendo (NASDAQ:CXDO) last issued 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. Crexendo had a net margin of 6.15% and a return on equity of 13.84%. The firm had revenue of $20.71 million for the quarter, compared to analysts’ expectations of $19.63 million. As a group, analysts predict that Crexendo Inc. will post 0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Crexendo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXDO. BNP Paribas Financial Markets grew its position in Crexendo by 172.6% during the 3rd 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 in the last quarter. Strive Financial Group LLC purchased a new stake in shares of Crexendo in the fourth quarter valued at $31,000. Bank of America Corp DE boosted its position 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 worth $32,000 after buying an additional 2,578 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Crexendo in the second quarter worth $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Crexendo during the second quarter valued at $48,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Crexendo News Roundup

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.

Wall Street Analyst Weigh In

CXDO has been the subject of several research reports. Wall Street Zen lowered Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Lake Street Capital reaffirmed a “buy” rating and set a $11.00 target price on shares of Crexendo in a report 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 report 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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.