Glenn Darrel Sanford Sells 25,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $10.21, for a total transaction of $255,250.00. Following the completion of the transaction, the chief executive officer now directly owns 39,903,400 shares of the company’s stock, valued at $407,413,714. This represents a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 18th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.02, for a total value 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 transaction of $274,000.00.
• On Monday, February 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were 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 transaction 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.
• On Monday, January 13th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.74, for a total value of $268,500.00.
• On Monday, January 6th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.52, for a total transaction of $288,000.00.
• On Thursday, December 26th, Glenn Darrel Sanford sold 36,630 shares of eXp World stock. The stock was sold at an average price of $11.97, for a total transaction of $438,461.10.
• On Tuesday, December 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $12.60, for a total value of $630,000.00.
• On Tuesday, December 10th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $13.00, for a total value of $650,000.00.

eXp World Price Performance

EXPI opened at $10.20 on Tuesday. The company’s 50 day simple moving average is $11.34 and its 200-day simple moving average is $12.55. The stock has a market capitalization of $1.57 billion, a P/E ratio of -72.85 and a beta of 2.29. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $15.39.

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

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 1.96%. eXp World’s dividend payout ratio is -142.86%.

Hedge Funds Weigh In On eXp World

Several institutional investors and hedge funds have recently made changes to their positions in EXPI. Allspring Global Investments Holdings LLC acquired a new stake in eXp World in the 3rd quarter worth about $30,000. Point72 Hong Kong Ltd bought a new position in shares of eXp World during the third quarter worth approximately $34,000. SBI Securities Co. Ltd. acquired a new stake in shares of eXp World in the fourth quarter valued at approximately $32,000. Graney & King LLC bought a new stake in shares of eXp World in the fourth quarter valued at approximately $58,000. Finally, IHT Wealth Management LLC acquired a new stake in eXp World during the third quarter worth approximately $145,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson restated a “neutral” rating and set a $13.50 price target on shares of eXp World in a research note on Friday.

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.