Crexendo (NASDAQ:CXDO) CFO Ron Vincent Sells 18,989 Shares of Stock

Crexendo Inc. (NASDAQ:CXDO) CFO Ron Vincent sold 18,989 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $8.14, for a total transaction of $154,570.46. Following the transaction, the chief financial officer owned 162,087 shares of the company’s stock, valued at approximately $1,319,388.18. This represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 transaction of $314,028.00.
• On Tuesday, May 5th, Ron Vincent sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $8.63, for a total transaction of $86,300.00.

Crexendo Stock Up 0.4%

Shares of CXDO stock opened at $9.78 on Friday. The company’s fifty day simple moving average is $6.60 and its two-hundred day simple moving average is $6.63. Crexendo Inc. has a 52 week low of $5.08 and a 52 week high of $9.84. The stock has a market cap of $317.07 million, a P/E ratio of 65.20 and a beta of 0.93.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Crexendo had a return on equity of 13.84% and a net margin of 6.15%.The firm had revenue of $20.71 million during the quarter, compared to analyst estimates of $19.63 million. On average, analysts anticipate 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 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.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Crexendo

Several large investors have recently added to or reduced their stakes in CXDO. D.A. Davidson & CO. increased its position in shares of Crexendo by 3.5% during the first quarter. D.A. Davidson & CO. now owns 38,463 shares of the company’s stock worth $237,000 after acquiring an additional 1,311 shares during the period. Goldman Sachs Group Inc. increased its holdings in Crexendo by 2.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 94,318 shares of the company’s stock valued at $610,000 after buying an additional 2,260 shares during the period. Bank of America Corp DE raised its stake in 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 in the last quarter. BNP Paribas Financial Markets lifted its holdings in Crexendo by 172.6% during the third quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock worth $29,000 after buying an additional 2,782 shares during the period. Finally, Independent Advisor Alliance lifted its holdings in Crexendo by 13.2% during the third quarter. Independent Advisor Alliance now owns 24,725 shares of the company’s stock worth $161,000 after buying an additional 2,890 shares during the period. 9.53% of the stock is owned by hedge funds and other institutional investors.

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.