Jeffrey Korn Sells 10,000 Shares of Crexendo (NASDAQ:CXDO) Stock

Crexendo Inc. (NASDAQ:CXDO) CEO Jeffrey Korn sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the sale, the chief executive officer directly owned 208,615 shares of the company’s stock, valued at $1,877,535. This represents a 4.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Crexendo Trading Up 17.2%

CXDO stock traded up $1.43 during mid-day trading on Wednesday, hitting $9.74. The stock had a trading volume of 1,163,753 shares, compared to its average volume of 240,482. Crexendo Inc. has a 52 week low of $5.07 and a 52 week high of $9.78. The firm has a market capitalization of $303.40 million, a P/E ratio of 64.93 and a beta of 0.93. The firm has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.60.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The company 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%. As a group, equities analysts expect that Crexendo Inc. will post 0.27 earnings per share for the current fiscal year.

Trending Headlines about 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

Institutional Trading of Crexendo

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after buying an additional 2,578 shares during the last quarter. NewEdge Advisors LLC boosted its position in Crexendo by 28.1% during the 1st quarter. NewEdge Advisors LLC now owns 74,125 shares of the company’s stock worth $361,000 after buying an additional 16,267 shares during the period. Goldman Sachs Group Inc. bought a new stake in Crexendo during the 1st quarter worth approximately $431,000. Geode Capital Management LLC grew its holdings in Crexendo by 120.1% during the 2nd quarter. Geode Capital Management LLC now owns 318,001 shares of the company’s stock worth $1,930,000 after acquiring an additional 173,530 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Crexendo in the 2nd quarter valued at approximately $41,000. 9.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CXDO has been the subject of several recent analyst reports. 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 set a $11.00 price target on shares of Crexendo in a report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Crexendo in a research report on Wednesday, April 8th. Finally, Needham & Company LLC raised their price objective on Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Four investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.40.

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.