Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $251,000.00 in 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, March 3rd. The stock was sold at an average price of $10.04, for a total transaction of $251,000.00. Following the sale, the chief executive officer now directly owns 39,878,400 shares of the company’s stock, valued at $400,379,136. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.21, for a total transaction of $255,250.00.
• On Tuesday, February 18th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was 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 stock was sold at an average price of $10.96, for a total value of $274,000.00.
• On Monday, February 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was 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 stock was sold at an average price of $11.59, for a total value of $289,750.00.
• On Tuesday, January 21st, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was 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 value of $288,000.00.
• On Thursday, December 26th, Glenn Darrel Sanford sold 36,630 shares of eXp World stock. The shares were 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 transaction of $630,000.00.

eXp World Stock Performance

Shares of EXPI opened at $10.04 on Thursday. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $15.39. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -71.71 and a beta of 2.33. The firm has a fifty day moving average of $11.02 and a 200-day moving average of $12.45.

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. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. Analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.99%. The ex-dividend date is Tuesday, March 4th. eXp World’s payout ratio is currently -142.86%.

Institutional Investors Weigh In On eXp World

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in eXp World by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock worth $140,834,000 after purchasing an additional 208,920 shares during the period. Pacer Advisors Inc. acquired a new stake in eXp World in the fourth quarter worth about $60,767,000. State Street Corp lifted its holdings in eXp World by 4.1% in the third quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock worth $42,019,000 after purchasing an additional 117,418 shares during the period. Geode Capital Management LLC lifted its holdings in eXp World by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company’s stock worth $25,553,000 after purchasing an additional 8,486 shares during the period. Finally, Renaissance Technologies LLC raised its position in eXp World by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,024,116 shares of the technology company’s stock worth $23,298,000 after acquiring an additional 40,400 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “neutral” rating and set a $13.50 price target on shares of eXp World in a report on Friday, February 21st.

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.