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Crexendo , Inc. (NASDAQ:CXDO) Chief Executive Officer Jeffrey G. Korn sold 6,800 shares of common stock in three separate transactions, according to a Form 4 filing with the Securities and Exchange Commission. The sales totaled $44,329 with prices ranging from $6.5001 to $6.5355. The transactions come as the company’s stock has delivered an impressive 110% return over the past year. According to InvestingPro analysis, Crexendo maintains a "GREAT" financial health score, though it currently trades at a relatively high P/E ratio of 71.
The transactions occurred on July 2nd, July 3rd, and July 7th, 2025. Specifically, Korn sold 2,800 shares on July 2nd, 3,000 shares on July 3rd, and 1,000 shares on July 7th.
Following these transactions, Korn directly owns 244,986 shares of Crexendo, Inc.
In other recent news, Crexendo Inc. reported a 12% increase in total revenue for Q1 2025, reaching $16.1 million. Despite this growth, the company missed its earnings per share (EPS) forecast, posting an EPS of $0.04, below the expected $0.06. Crexendo’s software solutions segment saw a significant 33% revenue increase, although product revenue declined by 22%. Needham initiated coverage on Crexendo with a Buy rating and an $8 price target, citing the company’s potential for market share gains and strategic acquisition opportunities. Crexendo is also set to join the Russell 2000 and 3000 indexes, which could enhance its visibility among investors. The company has announced plans to migrate to Oracle (NYSE:ORCL) Cloud Infrastructure by the end of 2025, aiming for further operational efficiencies. Crexendo’s inclusion in the indexes and its strategic initiatives reflect its growth strategy and potential for increased investor interest. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.