Jon Brinton Sells 114,795 Shares of Crexendo (NASDAQ:CXDO) Stock

Crexendo Inc. (NASDAQ:CXDO) CRO Jon Brinton sold 114,795 shares of the company’s stock in a transaction dated 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 owned 114,795 shares in the company, valued at approximately $1,049,226.30. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Crexendo Trading Down 4.3%

NASDAQ:CXDO opened at $9.36 on Friday. The firm has a market cap of $303.45 million, a price-to-earnings ratio of 62.40 and a beta of 0.93. The company’s 50-day moving average is $6.60 and its two-hundred day moving average is $6.63. Crexendo Inc. has a 12-month low of $5.08 and a 12-month high of $9.84.

Crexendo (NASDAQ:CXDO) last released its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 6.15% and a return on equity of 13.84%. On average, equities research analysts forecast that Crexendo Inc. will post 0.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

CXDO has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Crexendo from a “strong-buy” rating to a “buy” rating in a report on Friday, January 23rd. Lake Street Capital reiterated a “buy” rating and set a $11.00 price objective on shares of Crexendo in a report on Wednesday. Needham & Company LLC increased their price objective on shares of Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Institutional Trading of Crexendo

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased 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 acquired a new stake in Crexendo during the 4th quarter worth approximately $31,000. Bank of America Corp DE increased its position in Crexendo by 71.7% during the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock worth $32,000 after purchasing an additional 2,578 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Crexendo during the 2nd quarter worth approximately $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Crexendo during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Key Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target on Crexendo to $12.00 and reiterated a Buy rating, reinforcing the bullish view that the shares still have room to run. Article Title
• Positive Sentiment: Crexendo’s latest quarterly results beat expectations, with EPS of $0.10 versus $0.08 expected and revenue of $20.71 million versus $19.63 million expected, supporting the company’s growth and profitability narrative. Article Title
• Positive Sentiment: Management said it will present at upcoming investor conferences, which could increase visibility with institutional investors and give the company another platform to highlight its ESI acquisition and consecutive quarters of GAAP profitability. Article Title
• Neutral Sentiment: Several analyst and commentary pieces focused on Crexendo’s growth momentum and earnings call details, adding context but not changing the near-term catalyst picture by themselves. Article Title
• Negative Sentiment: Top executives, including the CEO, COO, CFO, and CRO, disclosed sizable stock sales over May 4-6. While insider selling does not necessarily change fundamentals, it can create short-term pressure and weigh on investor sentiment. Article Title

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.