Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 59,935 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 59,935 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $12.41, for a total value of $743,793.35. Following the completion of the transaction, the chief executive officer now owns 40,882,685 shares in the company, valued at $507,354,120.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 stock was sold at an average price of $12.98, for a total value of $579,115.68.
• On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The stock was 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 shares were sold at an average price of $12.33, for a total value 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 value 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.
• On Monday, July 15th, Glenn Darrel Sanford sold 83,240 shares of eXp World stock. The shares were sold at an average price of $12.80, for a total transaction 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.

eXp World Trading Up 0.8 %

Shares of EXPI stock traded up $0.10 on Thursday, hitting $12.55. 198,925 shares of the stock were exchanged, compared to its average volume of 1,034,631. The business has a 50-day moving average of $12.61 and a 200 day moving average of $11.57. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $18.85. The firm has a market capitalization of $1.94 billion, a P/E ratio of -73.24 and a beta of 2.29.

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

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s payout ratio is -117.65%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in eXp World in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. acquired a new stake in shares of eXp World in the second quarter valued at approximately $29,000. Scarborough Advisors LLC bought a new position in shares of eXp World during the 4th quarter worth approximately $31,000. Pineridge Advisors LLC acquired a new position in shares of eXp World during the 4th quarter worth approximately $33,000. Finally, nVerses Capital LLC raised its stake in eXp World by 102.2% in the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after acquiring an additional 4,600 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

Analyst Upgrades and Downgrades

EXPI has been the subject of several research analyst reports. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson increased their price objective on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

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.