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Vincent Ron, Chief Financial Officer of Crexendo , Inc. (NASDAQ:CXDO), recently sold 15,000 shares of the company’s common stock. The transaction, which took place on March 11, 2025, was executed at a price of $6.00 per share, resulting in a total sale value of $90,000. Following this transaction, Ron holds 185,083 shares directly. The sale comes as CXDO shares have seen significant volatility, dropping 17% in the past week despite a strong 26% gain over six months. According to InvestingPro data, analysts maintain a Strong Buy rating with price targets ranging from $7.50 to $10.00.
The sale was conducted under a pre-arranged trading plan compliant with Rule 10b5-1(c), established on December 9, 2024, when Ron was not in possession of any material nonpublic information. This type of plan allows company insiders to set up a predetermined schedule for selling stocks, aiming to avoid any potential accusations of insider trading. The $176.61 million market cap company maintains a strong financial position, with InvestingPro analysis revealing 13 additional key insights about CXDO’s valuation and growth prospects.
In other recent news, Crexendo Inc. announced its fourth-quarter 2024 earnings, surpassing analysts’ expectations. The company reported an earnings per share (EPS) of $0.06, which exceeded the projected $0.05, and revenue of $16.2 million, outpacing the anticipated $15.64 million. Crexendo’s revenue increased by 15% year-over-year, and the company has maintained GAAP profitability for six consecutive quarters. The company also reported a non-GAAP net income of $7.7 million for the year.
In addition to its financial performance, Crexendo has been recognized for its strategic growth, receiving accolades such as Frost and Sullivan’s North American Strategy Leadership Award and being featured in Deloitte’s 2024 Technology FAST 500 report. The company has also launched new AI-powered software features, contributing to its competitive edge in the market. Crexendo’s ongoing investments in AI and cloud-based solutions are expected to drive future growth, with the company anticipating double-digit growth in 2025.
The company is exploring potential acquisitions in the AI sector and considering share repurchase opportunities if market conditions decline. Crexendo’s strategic positioning amid industry disruptions, particularly with competitors like Cisco (NASDAQ:CSCO) and Microsoft (NASDAQ:MSFT), has provided significant opportunities for growth and expansion.
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