Crexendo, Inc.
US ˙ NasdaqCM ˙ US2265521078

Introduction

This page provides a comprehensive analysis of the known insider trading history of Todd Andrew Goergen. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Todd Andrew Goergen has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CXDO / Crexendo, Inc. Director 228,676
US:BTH / Blyth Inc 10% Owner 5,600
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Todd Andrew Goergen. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CXDO / Crexendo, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CXDO / Crexendo, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CXDO / Crexendo, Inc. Insider Trades
Insider Sales CXDO / Crexendo, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CXDO / Crexendo, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2022-12-15 CXDO Goergen Todd Andrew 100 2.0300 100 2.0300 203 132 1.28 -75 -36.95
2022-12-14 CXDO Goergen Todd Andrew 9,189 2.0000 9,189 2.0000 18,378
2022-12-13 CXDO Goergen Todd Andrew 16,081 2.0000 16,081 2.0000 32,162
2022-12-13 CXDO Goergen Todd Andrew 511 2.0000 511 2.0000 1,022
2022-12-12 CXDO Goergen Todd Andrew 854 2.0000 854 2.0000 1,708
2022-12-09 CXDO Goergen Todd Andrew 712 2.0000 712 2.0000 1,424
2022-12-06 CXDO Goergen Todd Andrew 9,266 2.0500 9,266 2.0500 18,995
2022-12-05 CXDO Goergen Todd Andrew 25,000 2.0721 25,000 2.0721 51,802
2022-12-02 CXDO Goergen Todd Andrew 22,646 2.1003 22,646 2.1003 47,563
2022-12-01 CXDO Goergen Todd Andrew 600 2.1000 600 2.1000 1,260
2022-12-01 CXDO Goergen Todd Andrew 25,000 2.1004 25,000 2.1004 52,510
2022-12-01 CXDO Goergen Todd Andrew 50 2.0700 50 2.0700 104
2022-12-01 CXDO Goergen Todd Andrew 600 2.0600 600 2.0600 1,236
2022-11-30 CXDO Goergen Todd Andrew 1,580 2.1000 1,580 2.1000 3,318
2022-11-28 CXDO Goergen Todd Andrew 1,000 2.1400 1,000 2.1400 2,140
2022-11-23 CXDO Goergen Todd Andrew 15,000 2.0613 15,000 2.0613 30,920
2022-11-22 CXDO Goergen Todd Andrew 15,000 2.0541 15,000 2.0541 30,812
2022-11-22 CXDO Goergen Todd Andrew 404 2.0500 404 2.0500 828
2022-11-21 CXDO Goergen Todd Andrew 4,032 2.1000 4,032 2.1000 8,467
2022-11-21 CXDO Goergen Todd Andrew 100 2.1000 100 2.1000 210
2022-11-18 CXDO Goergen Todd Andrew 8,365 2.1211 8,365 2.1211 17,743
2022-11-18 CXDO Goergen Todd Andrew 100 2.1500 100 2.1500 215
2022-11-17 CXDO Goergen Todd Andrew 20,545 2.1351 20,545 2.1351 43,866
2022-11-17 CXDO Goergen Todd Andrew 200 2.1500 200 2.1500 430

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CXDO / Crexendo, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Todd Andrew Goergen as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2024-02-22 2024-02-21 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -4,925 228,676 -2.11 5.95 -29,304 1,360,622
2024-02-22 2024-02-21 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 10,000 233,601 4.47 2.93 29,300 684,451
2024-02-22 2024-02-21 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -2,622 223,601 -1.16 5.95 -15,601 1,330,426
2024-02-22 2024-02-21 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 10,000 226,223 4.62 1.56 15,600 352,908
2022-12-16 2022-12-15 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -100 216,223 -0.05 2.03 -203 438,933
2022-12-16 2022-11-30 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -1,580 216,323 -0.73 2.10 -3,318 454,278
2022-12-15 2022-12-14 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -9,189 217,903 -4.05 2.00 -18,378 435,806
2022-12-15 2022-12-13 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -511 227,092 -0.22 2.00 -1,022 454,184
2022-12-15 2022-12-09 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -712 227,603 -0.31 2.00 -1,424 455,206
2022-12-14 2022-12-13 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -16,081 228,315 -6.58 2.00 -32,162 456,630
2022-12-13 2022-12-12 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -854 244,396 -0.35 2.00 -1,708 488,792
2022-12-07 2022-12-06 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -9,266 245,250 -3.64 2.05 -18,995 502,762
2022-12-06 2022-12-05 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -25,000 254,516 -8.94 2.07 -51,802 527,383
2022-12-05 2022-12-01 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -600 303,966 -0.20 2.06 -1,236 626,170
2022-12-05 2022-12-01 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -50 304,566 -0.02 2.07 -104 630,452
2022-12-05 2022-12-02 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -22,646 281,320 -7.45 2.10 -47,563 590,856
2022-12-05 2022-11-28 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -1,000 280,320 -0.36 2.14 -2,140 599,885
2022-12-05 2022-11-22 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -404 279,916 -0.14 2.05 -828 573,828
2022-12-05 2022-11-21 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -100 279,816 -0.04 2.10 -210 587,614
2022-12-05 2022-11-18 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -100 279,716 -0.04 2.15 -215 601,389
2022-12-05 2022-11-17 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -200 279,516 -0.07 2.15 -430 600,959
2022-12-02 2022-11-30 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -13,278 330,216 -3.87 2.09 -27,751 690,151
2022-12-02 2022-11-30 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 25,000 343,494 7.85 1.11 27,750 381,278
2022-12-02 2022-12-01 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -25,000 304,616 -7.58 2.10 -52,510 639,815
2022-12-02 2022-12-01 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -600 329,616 -0.18 2.10 -1,260 692,194
2022-11-28 2022-11-21 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -4,032 348,494 -1.14 2.10 -8,467 731,837
2022-11-28 2022-11-22 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -15,000 333,494 -4.30 2.05 -30,812 685,030
2022-11-28 2022-11-23 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -15,000 318,494 -4.50 2.06 -30,920 656,512
2022-11-18 2022-11-17 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -20,545 360,891 -5.39 2.14 -43,866 770,538
2022-11-18 2022-11-18 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -8,365 352,526 -2.32 2.12 -17,743 747,743
2022-03-22 2022-03-17 4 CXDO Crexendo, Inc.
Stock Option Grant (right to buy) 		A - Award 10,000 10,000 4.00 40,000 40,000
2022-02-17 2022-02-16 4 CXDO Crexendo, Inc.
Non-Qualified Stock Options 		M - Exercise -10,000 0 -100.00 4.08 -40,800
2022-02-17 2022-02-16 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -9,623 381,436 -2.46 4.24 -40,802 1,617,289
2022-02-17 2022-02-16 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 10,000 391,059 2.62 4.08 40,800 1,595,521
2022-01-05 2022-01-04 4 CXDO Crexendo, Inc.
Non-Qualified Stock Options 		M - Exercise -20,000 0 -100.00 1.85 -37,000
2022-01-05 2022-01-04 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -7,475 381,059 -1.92 4.95 -37,001 1,886,242
2022-01-05 2022-01-04 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 20,000 388,534 5.43 1.85 37,000 718,788
2021-11-12 2021-11-09 4 CXDO Crexendo, Inc.
Stock Option Grant (right to buy) 		A - Award 10,000 10,000 5.78 57,800 57,800
2021-03-11 2021-03-09 4 CXDO Crexendo, Inc.
Stock Option Grant (right to buy) 		A - Award 10,000 10,000 6.63 66,300 66,300
2021-03-02 2021-03-01 4 CXDO Crexendo, Inc.
Non-Qualified Stock Options 		M - Exercise -10,000 0 -100.00 3.19 -31,900
2021-03-02 2021-03-01 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -5,308 368,534 -1.42 6.01 -31,901 2,214,889
2021-03-02 2021-03-01 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 10,000 373,842 2.75 3.19 31,900 1,192,556
2020-10-23 2020-10-21 4 CXDO Crexendo, Inc.
Stock Option Grant (right to buy) 		A - Award 7,500 7,500 6.26 46,950 46,950
2020-07-01 2020-06-30 4 CXDO Crexendo, Inc.
Non-Qualified Stock Options 		M - Exercise -10,000 0 -100.00 3.51 -35,100
2020-07-01 2020-06-30 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -6,158 363,842 -1.66 5.70 -35,101 2,073,899
2020-07-01 2020-06-30 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 10,000 370,000 2.78 3.51 35,100 1,298,700
2020-03-16 2020-03-12 4 CXDO Crexendo, Inc.
Stock Option Grant 		A - Award 9,000 9,000 4.25 38,250 38,250
2019-02-15 2019-02-12 4 CXDO Crexendo, Inc.
Common Stock Grant 		A - Award 10,000 135,000 8.00 2.25 22,500 303,750
2018-03-19 2018-03-09 4 CXDO Crexendo, Inc.
Common Stock Grant 		A - Award 10,000 125,000 8.70 2.93 29,300 366,250
2017-05-10 2017-05-08 4 CXDO Crexendo, Inc.
Common Stock 		A - Award 5,000 360,000 1.41
2017-03-09 2017-03-07 4 CXDO Crexendo, Inc.
Common Stock 		A - Award 10,000 115,000 9.52 1.56 15,600 179,400
2016-01-05 2015-12-31 4 CXDO Crexendo, Inc.
Common Stock 		A - Award 25,000 105,000 31.25 1.11 27,750 116,550
2015-01-07 2015-01-05 4 EXE Crexendo, Inc.
Common Stock 		A - Award 20,000 80,000 33.33 1.85 37,000 148,000
2014-03-07 2014-03-06 4 EXE Crexendo, Inc.
Common Stock 		A - Award 10,000 10,000 3.19 31,900 31,900
2014-02-14 2013-08-08 5 BTH BLYTH INC
Common 		G - Gift 1,000 5,600 21.74
2014-02-14 2013-08-08 5 BTH BLYTH INC
Common 		G - Gift 1,000 62,830 1.62
2014-02-14 2013-02-01 5 BTH BLYTH INC
Common 		G - Gift 1,000 4,600 27.78
2014-02-14 2013-02-01 5 BTH BLYTH INC
Common 		G - Gift 1,000 61,830 1.64
2014-02-14 2013-01-10 5 BTH BLYTH INC
Common 		G - Gift 1,700 4,305 65.26
2013-12-10 2013-12-06 4 BTH BLYTH INC
Common 		J - Other 200,000 1,552,750 14.78
2013-09-19 2013-09-17 4 BTH BLYTH INC
Common 		P - Purchase 20,000 60,830 48.98 12.34 246,800 750,642
2013-03-25 2013-03-18 4 EXE Crexendo, Inc.
Common Stock 		A - Award 10,000 10,000 2.45 24,500 24,500
2013-01-18 3/A BTH BLYTH INC
Common 		80,000
2012-12-26 3 BTH BLYTH INC
Common 		40,830
2012-12-26 3 BTH BLYTH INC
Common 		101,146
2012-12-26 3 BTH BLYTH INC
Common 		3,600
2012-12-26 3 BTH BLYTH INC
Common 		1,352,750
2012-12-26 3 BTH BLYTH INC
Common 		33,714
2012-12-26 3 BTH BLYTH INC
Common 		33,714
2012-12-26 3 BTH BLYTH INC
Common 		2,605
2012-03-05 2012-03-01 4 EXE Crexendo, Inc.
Common Stock 		A - Award 10,000 10,000
2012-03-05 2012-03-01 4/A EXE Crexendo, Inc.
Common Stock 		A - Award 10,000 10,000
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)