Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $259,250.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $10.37, for a total transaction of $259,250.00. Following the completion of the transaction, the chief executive officer now directly owns 39,803,400 shares of the company’s stock, valued at approximately $412,761,258. The trade was a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, March 17th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $9.76, for a total value of $244,000.00.
• On Monday, March 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $9.76, for a total value of $244,000.00.
• On Monday, March 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.04, for a total value of $251,000.00.
• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.21, for a total transaction of $255,250.00.
• On Tuesday, February 18th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.02, for a total transaction of $275,500.00.
• On Monday, February 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.96, for a total transaction of $274,000.00.
• On Monday, February 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.94, for a total value of $273,500.00.
• On Tuesday, January 28th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.59, for a total value of $289,750.00.
• On Tuesday, January 21st, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.44, for a total value of $286,000.00.
• On Monday, January 13th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.74, for a total value of $268,500.00.

eXp World Trading Up 0.7 %

Shares of eXp World stock opened at $10.27 on Thursday. The business has a 50-day moving average price of $10.58 and a two-hundred day moving average price of $12.19. eXp World Holdings, Inc. has a 1-year low of $9.20 and a 1-year high of $15.39. The company has a market cap of $1.56 billion, a P/E ratio of -73.35 and a beta of 2.33.

eXp World (NASDAQ:EXPI) last released its earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. Equities research analysts forecast that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.95%. The ex-dividend date was Tuesday, March 4th. eXp World’s dividend payout ratio is presently -142.86%.

Institutional Investors Weigh In On eXp World

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of eXp World during the 4th quarter worth about $32,000. Point72 Hong Kong Ltd bought a new position in eXp World in the third quarter worth approximately $34,000. Graney & King LLC acquired a new stake in eXp World in the fourth quarter valued at approximately $58,000. Sims Investment Management LLC bought a new stake in shares of eXp World during the fourth quarter valued at approximately $121,000. Finally, CIBC Asset Management Inc acquired a new position in shares of eXp World during the fourth quarter worth approximately $122,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a “neutral” rating and issued a $13.50 price target on shares of eXp World in a research report on Friday, February 21st.

About eXp World

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.