Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $515,200.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 40,000 shares of eXp World stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $12.88, for a total value of $515,200.00. Following the completion of the sale, the chief executive officer now owns 40,589,780 shares of the company’s stock, valued at $522,796,366.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Glenn Darrel Sanford also recently made the following trade(s):

• On Tuesday, October 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $12.82, for a total value of $512,800.00.
• On Tuesday, October 15th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.28, for a total transaction of $531,200.00.
• On Tuesday, October 8th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.41, for a total transaction of $536,400.00.
• On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.93, for a total transaction of $557,200.00.
• On Tuesday, September 24th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.23, for a total transaction of $711,500.00.
• On Thursday, September 19th, Glenn Darrel Sanford sold 1,251 shares of eXp World stock. The shares were sold at an average price of $15.00, for a total transaction of $18,765.00.
• On Tuesday, September 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.49, for a total transaction of $724,500.00.
• On Tuesday, September 10th, Glenn Darrel Sanford sold 59,935 shares of eXp World stock. The shares were sold at an average price of $12.41, for a total transaction of $743,793.35.
• On Tuesday, September 3rd, Glenn Darrel Sanford sold 26,630 shares of eXp World stock. The shares were sold at an average price of $11.82, for a total value of $314,766.60.
• On Tuesday, August 27th, Glenn Darrel Sanford sold 44,616 shares of eXp World stock. The shares were sold at an average price of $12.98, for a total value of $579,115.68.

eXp World Trading Down 0.1 %

eXp World stock opened at $13.31 on Friday. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $17.11. The stock’s 50 day simple moving average is $13.18 and its two-hundred day simple moving average is $12.23. The firm has a market cap of $2.05 billion, a PE ratio of -88.73 and a beta of 2.30.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

Institutional Investors Weigh In On eXp World

Several hedge funds have recently bought and sold shares of EXPI. PNC Financial Services Group Inc. boosted its position in eXp World by 29.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock worth $116,000 after purchasing an additional 1,681 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of eXp World by 552.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock valued at $124,000 after buying an additional 10,195 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in shares of eXp World during the 1st quarter valued at approximately $113,000. Nordea Investment Management AB lifted its position in shares of eXp World by 49.3% during the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock valued at $4,326,000 after buying an additional 136,151 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in shares of eXp World by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock valued at $695,000 after buying an additional 881 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EXPI shares. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson upped their target price on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.