Crexendo (NASDAQ:CXDO) COO Douglas Walter Gaylor Sells 20,000 Shares of Stock

Crexendo Inc. (NASDAQ:CXDO) COO Douglas Walter Gaylor sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $9.37, for a total transaction of $187,400.00. Following the completion of the transaction, the chief operating officer owned 231,413 shares of the company’s stock, valued at approximately $2,168,339.81. This trade represents a 7.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Douglas Walter Gaylor also recently made the following trade(s):

• On Tuesday, May 5th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The shares were sold at an average price of $8.66, for a total transaction of $86,600.00.

Crexendo Stock Performance

NASDAQ:CXDO opened at $9.74 on Thursday. The company has a market capitalization of $303.40 million, a PE ratio of 64.93 and a beta of 0.93. The company has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $6.60. Crexendo Inc. has a fifty-two week low of $5.07 and a fifty-two week high of $9.78.

Crexendo (NASDAQ:CXDO) last released its earnings results 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. The business 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%. Research analysts predict that Crexendo Inc. will post 0.27 EPS for the current year.

Hedge Funds Weigh In On Crexendo

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in shares of Crexendo by 172.6% in 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 bought a new position in shares of Crexendo in the 4th quarter worth $31,000. Bank of America Corp DE lifted its holdings in shares of Crexendo by 71.7% in 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. bought a new position in shares of Crexendo in the 2nd quarter worth $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Crexendo in the 2nd quarter worth $48,000. 9.53% of the stock is currently owned by institutional investors.

Crexendo News Summary

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Needham & Company raised its price target to $12.00 and assigned a Buy rating, implying roughly 23% upside from the recent reference price — a clear catalyst for buying interest. Article Title
• Positive Sentiment: Q1 2026 results topped expectations: revenue $20.7M (≈29% YoY growth) and EPS $0.10 vs. consensus $0.08, with GAAP net income of ~$0.6M — evidence of accelerating top‑line momentum that supports valuation expansion. Article Title
• Positive Sentiment: Coverage and market commentary highlight “momentum building” as growth accelerates, reinforcing the positive narrative from the quarter and the analyst upgrade. Article Title
• Neutral Sentiment: Earnings call transcript and analyst notes provide additional color on customer wins, margin trends and product mix — useful for investors assessing sustainability of the acceleration but not an immediate directional catalyst by itself. Article Title
• Negative Sentiment: Insider selling: CEO Jeffrey G. Korn disclosed sales totaling 30,000 shares across May 4–6, and COO Douglas Gaylor sold 30,000 shares in the same window. Large insider disposals can create short‑term selling pressure and raise governance/ownership questions for some investors. (CEO filing: Read More.; COO filing: Read More..)

Wall Street Analysts Forecast Growth

CXDO has been the subject of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of Crexendo from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Lake Street Capital reissued a “buy” rating and set a $11.00 target price on shares of Crexendo in a research report on Wednesday. Wall Street Zen downgraded shares of Crexendo from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Crexendo in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.