Anil Puri Sells 3,400 Shares of Crexendo (NASDAQ:CXDO) Stock

Posted by George Bondi on May 20th, 2026

Crexendo Inc. (NASDAQ:CXDO – Get Free Report) Director Anil Puri sold 3,400 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $9.44, for a total value of $32,096.00. Following the completion of the sale, the director owned 53,114 shares of the company’s stock, valued at approximately $501,396.16. This represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Crexendo Stock Performance

NASDAQ CXDO traded down $0.11 on Wednesday, reaching $9.61. The stock had a trading volume of 212,494 shares, compared to its average volume of 456,912. Crexendo Inc. has a 12-month low of $5.08 and a 12-month high of $9.90. The business’s 50-day moving average price is $7.16 and its 200 day moving average price is $6.84. The stock has a market cap of $311.56 million, a P/E ratio of 64.07 and a beta of 0.93.

Crexendo (NASDAQ:CXDO – Get Free Report) 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 company had revenue of $20.71 million during the quarter, compared to analysts’ expectations of $19.63 million. On average, sell-side analysts predict that Crexendo Inc. will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On Crexendo

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in Crexendo by 172.6% in the third quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock valued at $29,000 after acquiring an additional 2,782 shares during the period. Strive Financial Group LLC acquired a new stake in Crexendo in the fourth quarter valued at $31,000. Bank of America Corp DE lifted its holdings in Crexendo by 71.7% in the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after acquiring an additional 2,578 shares during the period. JPMorgan Chase & Co. acquired a new stake in Crexendo in the second quarter valued at $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Crexendo in the second quarter valued at $48,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CXDO shares. 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 restated a “buy” rating and set a $11.00 price target on shares of Crexendo in a research note on Wednesday, May 6th. Needham & Company LLC upped their price target on Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.40.

View Our Latest Research Report on Crexendo

About Crexendo

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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.