Crexendo COO sells $62,699 in stock

TEMPE, Ariz.— Crexendo , Inc. (NASDAQ:CXDO), a technology company with a market capitalization of $161 million, saw its Chief Operating Officer Douglas Walter Gaylor recently sell 10,000 shares of the company’s common stock. The transaction, which took place on March 12, 2025, was executed at a price of $6.27 per share, amounting to a total of $62,699. The stock has shown strong momentum, gaining over 35% in the past six months.

Following this sale, Mr. Gaylor retains ownership of 230,007 shares in Crexendo. The sale was conducted under a pre-arranged trading plan complying with Rule 10b5-1(c), which was established on December 9, 2024, when Mr. Gaylor was not in possession of any material nonpublic information. According to InvestingPro analysis, Crexendo currently appears undervalued, with a GREAT financial health score and strong cash flow metrics. For deeper insights into insider trading patterns and comprehensive financial analysis, investors can access the detailed Pro Research Report, available exclusively on InvestingPro.

In other recent news, Crexendo Inc. reported its fourth-quarter 2024 financial results, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $0.06, exceeding the projected $0.05, and reported revenue of $16.2 million, outpacing the anticipated $15.64 million. This marks a 15% increase in revenue year-over-year, highlighting Crexendo’s robust financial performance. Additionally, the company improved its gross margins from 59% to 62%, reflecting operational efficiency and strategic investments in AI and cloud-based solutions.

Crexendo’s strong financial results have been attributed to its strategic focus on Unified Communications as a Service (UCaaS) and recent AI-powered software launches. The company has also successfully migrated 10 licensees from Microsoft (NASDAQ:MSFT) Metaswitch and Cisco (NASDAQ:CSCO) BroadSoft, indicating potential growth opportunities with approximately 2,000 more licensees identified. Furthermore, Crexendo’s cash and cash equivalents nearly doubled to $18.2 million by the end of 2024, providing a solid financial foundation for future investments.

In terms of market analysis, Crexendo has been recognized by firms such as Frost and Sullivan and Deloitte for its strategic leadership and rapid growth in the UCaaS market. The company anticipates continued double-digit growth in 2025, driven by ongoing investments in software solutions and potential acquisitions in the AI sector. Crexendo’s strategic positioning amid industry disruptions, particularly with competitors like Cisco and Microsoft, offers a promising outlook for capturing additional market share.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.