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David Tzat-kin Wang, the Chief Technology Officer of Crexendo , Inc. (NASDAQ:CXDO), recently executed significant transactions involving the company’s common stock. On May 28, 2025, Wang sold 392,610 shares at a price of $4.90 each, totaling approximately $1.92 million. The transaction comes as Crexendo demonstrates strong financial health, with InvestingPro data showing the company holds more cash than debt and has achieved an impressive 60.66% return over the past year. This sale followed an acquisition of the same number of shares through the exercise of non-qualified stock units at a price of $0.91 per share. After these transactions, Wang holds 445,995 shares of Crexendo common stock directly. The company, currently valued at $155.89 million, has shown robust revenue growth of 13.85% and maintains strong liquidity with a current ratio of 2.71. For deeper insights into insider trading patterns and comprehensive financial analysis, explore the detailed Pro Research Report available on InvestingPro.
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 against the anticipated $0.06. Crexendo’s software solutions revenue was a key growth driver, increasing by 33% to $6.9 million, though product revenue declined by 22% to $1.1 million. The company remains focused on expanding its software solutions and AI capabilities, with plans to migrate to Oracle (NYSE:ORCL) Cloud Infrastructure by the end of 2025. Crexendo is also exploring strategic acquisition opportunities to strengthen its market position. The company’s cash and cash equivalents rose to $21.2 million, up from $18.2 million, while operating margin improved to 7.2% from 3.4%. Analysts from firms such as Lake Street Capital and Northland Capital Market have shown interest in Crexendo’s growth strategy and its ability to maintain double-digit revenue growth year-over-year.
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