Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $557,200.00 in Stock

Posted by Ed Jones on Oct 5th, 2024

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) CEO Glenn Darrel Sanford sold 40,000 shares of eXp World stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $13.93, for a total transaction of $557,200.00. Following the completion of the sale, the chief executive officer now owns 40,749,780 shares of the company’s stock, valued at $567,644,435.40. This trade represents a 0.00 % 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 hyperlink.

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

On Tuesday, September 24th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.23, for a total transaction of $711,500.00.
On Thursday, September 19th, Glenn Darrel Sanford sold 1,251 shares of eXp World stock. The stock was sold at an average price of $15.00, for a total transaction of $18,765.00.
On Tuesday, September 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was 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 stock was 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 stock was 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 stock was 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 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 stock was 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.

eXp World Price Performance

Shares of eXp World stock opened at $13.46 on Friday. The firm has a market capitalization of $2.08 billion, a PE ratio of -79.18 and a beta of 2.29. The company’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $11.81. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11.

eXp World (NASDAQ:EXPI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. Analysts predict that eXp World Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The company also recently announced 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 1.49%. The ex-dividend date was Wednesday, August 14th. eXp World’s payout ratio is -117.65%.

Institutional Investors Weigh In On eXp World

Large investors have recently made changes to their positions in the company. Scarborough Advisors LLC bought a new stake in shares of eXp World in the 4th quarter worth about $31,000. Pineridge Advisors LLC bought a new stake in shares of eXp World in the 4th quarter worth about $33,000. Point72 DIFC Ltd bought a new stake in shares of eXp World in the 2nd quarter worth about $26,000. Meeder Asset Management Inc. bought a new stake in shares of eXp World in the 2nd quarter worth about $29,000. Finally, PNC Financial Services Group Inc. lifted its position in eXp World by 29.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock worth $116,000 after buying an additional 1,681 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EXPI shares. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson boosted their price target on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a report on Thursday, August 1st.

View Our Latest Report on eXp World

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.