Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 20,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $9.80, for a total value of $196,000.00. Following the sale, the chief executive officer now owns 39,783,400 shares of the company’s stock, valued at $389,877,320. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, March 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.37, for a total value of $259,250.00.
• 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 shares were sold at an average price of $10.04, for a total transaction of $251,000.00.
• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was 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 shares were sold at an average price of $10.96, for a total value of $274,000.00.
• On Monday, February 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was 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 shares were 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.

eXp World Trading Up 0.3 %

NASDAQ:EXPI traded up $0.03 during trading hours on Tuesday, hitting $9.81. 1,058,144 shares of the company were exchanged, compared to its average volume of 1,026,278. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -70.07 and a beta of 2.33. eXp World Holdings, Inc. has a one year low of $9.20 and a one year high of $15.39. The company has a fifty day simple moving average of $10.50 and a 200 day simple moving average of $12.13.

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

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Tuesday, March 4th. eXp World’s dividend payout ratio is currently -142.86%.

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.

Institutional Investors Weigh In On eXp World

Large investors have recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in eXp World by 3.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,399 shares of the technology company’s stock valued at $936,000 after acquiring an additional 2,126 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of eXp World by 16.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock valued at $18,153,000 after purchasing an additional 183,823 shares in the last quarter. FMR LLC grew its stake in eXp World by 4,338.7% during the third quarter. FMR LLC now owns 123,885 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 121,094 shares during the period. Public Sector Pension Investment Board increased its holdings in eXp World by 5.3% in the third quarter. Public Sector Pension Investment Board now owns 179,370 shares of the technology company’s stock worth $2,527,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Verition Fund Management LLC lifted its stake in eXp World by 16.2% in the third quarter. Verition Fund Management LLC now owns 68,941 shares of the technology company’s stock valued at $971,000 after buying an additional 9,613 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.