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 that occurred on Wednesday, May 6th. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer directly owned 208,615 shares of the company’s stock, valued at $1,877,535. The trade was a 4.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Crexendo Stock Performance

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

Crexendo (NASDAQ:CXDO) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate 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 13.84%. Equities research analysts forecast that Crexendo Inc. will post 0.27 EPS for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Crexendo by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company’s stock worth $2,346,000 after buying an additional 52,200 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Crexendo by 3.5% in the first quarter. D.A. Davidson & CO. now owns 38,463 shares of the company’s stock worth $237,000 after buying an additional 1,311 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Crexendo in the first quarter worth $139,000. MidFirst Bank purchased a new position in shares of Crexendo in the fourth quarter worth $1,277,000. Finally, Strive Financial Group LLC purchased a new position in shares of Crexendo in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 9.53% of the company’s stock.

More Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Q1 2026 results topped expectations — revenue $20.7M and EPS $0.10 vs. consensus $0.08, with continued GAAP profitability and accelerated growth that underpin upward re‑rating. Q1 Results
• Positive Sentiment: Needham raised its price target to $12.00 and reiterated a Buy, giving a clear analyst catalyst and implied upside that can attract buying interest. Needham Upgrade
• Positive Sentiment: Market commentary and press coverage highlight “momentum building” and accelerating growth, reinforcing the positive narrative from the quarter and the analyst upgrade. Momentum Coverage
• Neutral Sentiment: Management will meet investors at Needham and LD Micro conferences next week — a chance to deepen the buy‑side’s understanding of the ESI acquisition and growth drivers but not an immediate earnings surprise. Conference Announcement
• Neutral Sentiment: Earnings call transcript and analyst notes provide detail on customer wins, margins and product mix — useful for assessing sustainability of the beat but not a direct price mover on its own. Earnings Call Transcript
• Negative Sentiment: Significant insider selling by multiple executives (CEO, COO, CFO, CRO) over May 4–6 — large blocks sold at ~$8.1–$9.4 could create short‑term selling pressure and raise governance/ownership questions for some investors. CEO filing: CEO Form 4; COO filings: COO Form 4; CFO filing: CFO Form 4; CRO disclosure: CRO Form 4

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.