Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 40,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 40,000 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $13.79, for a total value of $551,600.00. Following the transaction, the chief executive officer now owns 41,210,297 shares of the company’s stock, valued at $568,289,995.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, July 17th, Glenn Darrel Sanford sold 55,538 shares of eXp World stock. The stock was sold at an average price of $14.29, for a total value of $793,638.02.
• On Monday, July 15th, Glenn Darrel Sanford sold 83,240 shares of eXp World stock. The stock was sold at an average price of $12.80, for a total value of $1,065,472.00.
• On Monday, July 8th, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The stock was sold at an average price of $11.12, for a total value of $222,400.00.
• On Monday, July 1st, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The stock was sold at an average price of $10.74, for a total value of $214,800.00.
• On Monday, June 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.62, for a total value of $265,500.00.
• On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The stock was sold at an average price of $12.02, for a total value of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.92, for a total value of $273,000.00.
• On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.05, for a total value of $276,250.00.

eXp World Price Performance

EXPI traded down $0.09 during mid-day trading on Monday, hitting $13.84. 969,217 shares of the stock were exchanged, compared to its average volume of 1,072,411. The firm’s fifty day moving average is $11.53 and its two-hundred day moving average is $11.59. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $25.39.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. eXp World’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. As a group, sell-side analysts expect that eXp World Holdings, Inc. will post 0.18 earnings per share for the current year.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s dividend payout ratio is currently -117.64%.

Analyst Ratings Changes

Separately, DA Davidson reissued a “neutral” rating and set a $11.75 target price on shares of eXp World in a research note on Friday, July 12th.

Institutional Investors Weigh In On eXp World

Hedge funds have recently bought and sold shares of the stock. SRS Capital Advisors Inc. raised its position in eXp World by 354.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,540 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in eXp World in the 4th quarter valued at about $31,000. Pineridge Advisors LLC acquired a new stake in eXp World in the 4th quarter valued at about $33,000. Blue Trust Inc. raised its position in eXp World by 201.3% in the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,955 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in eXp World in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.