Crexendo's CTO sold nearly a quarter of a million shares, valued at over $1.2 million.

Crexendo, Inc.'s CTO, David Tzat-Kin Wang, sold 229,476 shares of the company's stock, valued at $1,262,118, reducing his holdings to 445,995 shares. The transaction was disclosed to the SEC. Crexendo provides cloud communication and IT services. Separately, Credo Technology Group's stock fell 4.4% despite a "Buy" rating and target price of $74.90. Insiders have sold $82.7 million in shares recently.