Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $18,765.00 in Stock

Posted by Matthew Steigler on Sep 23rd, 2024

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) CEO Glenn Darrel Sanford sold 1,251 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $15.00, for a total transaction of $18,765.00. Following the completion of the sale, the chief executive officer now owns 40,807,876 shares of the company’s stock, valued at approximately $612,118,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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 transaction 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 transaction of $579,115.68.
On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The shares were sold at an average price of $12.32, for a total transaction of $591,162.88.
On Tuesday, August 13th, Glenn Darrel Sanford sold 46,047 shares of eXp World stock. The shares were sold at an average price of $12.05, for a total transaction of $554,866.35.
On Tuesday, August 6th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.33, for a total transaction of $616,500.00.
On Monday, July 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $14.48, for a total transaction of $579,200.00.
On Monday, July 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.79, for a total transaction of $551,600.00.
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 transaction of $793,638.02.

eXp World Price Performance

NASDAQ EXPI opened at $14.03 on Monday. The company has a 50-day moving average of $12.99 and a 200-day moving average of $11.65. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $17.11. The company has a market cap of $2.17 billion, a P/E ratio of -82.53 and a beta of 2.29.

eXp World (NASDAQ:EXPI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business earned $0.06 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Wednesday, August 14th. eXp World’s payout ratio is currently -117.65%.

Institutional Investors Weigh In On eXp World

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new stake in shares of eXp World during the 2nd quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of eXp World during the 2nd quarter worth about $29,000. Scarborough Advisors LLC purchased a new stake in shares of eXp World during the 4th quarter worth about $31,000. Pineridge Advisors LLC purchased a new stake in shares of eXp World during the 4th quarter worth about $33,000. Finally, nVerses Capital LLC grew its holdings in shares of eXp World by 102.2% during the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock worth $103,000 after purchasing an additional 4,600 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXPI. DA Davidson raised their price objective on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd.

Get Our Latest Report on EXPI

eXp World Company Profile

(Get Free Report)

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.