eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $724,000.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $14.48, for a total transaction of $724,000.00. Following the completion of the transaction, the chief executive officer now directly owns 40,489,080 shares in the company, valued at approximately $586,281,878.40. This represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, November 5th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.11, for a total transaction of $705,500.00.
• On Tuesday, October 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $12.88, for a total transaction of $515,200.00.
• On Tuesday, October 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $12.82, for a total transaction of $512,800.00.
• On Tuesday, October 15th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.28, for a total transaction of $531,200.00.
• On Tuesday, October 8th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.41, for a total transaction of $536,400.00.
• On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.93, for a total transaction of $557,200.00.
• On Tuesday, September 24th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were 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 shares were 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 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 stock was sold at an average price of $12.41, for a total transaction of $743,793.35.

eXp World Price Performance

Shares of EXPI stock opened at $13.31 on Friday. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11. The firm has a fifty day moving average of $13.54 and a two-hundred day moving average of $12.49. The firm has a market cap of $2.04 billion, a P/E ratio of -60.50 and a beta of 2.31.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Monday, November 18th. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of eXp World in the 3rd quarter valued at about $30,000. Point72 DIFC Ltd acquired a new position in shares of eXp World in the 2nd quarter valued at about $26,000. Point72 Hong Kong Ltd acquired a new position in shares of eXp World in the 3rd quarter valued at about $34,000. Meeder Asset Management Inc. acquired a new position in shares of eXp World in the 2nd quarter valued at about $29,000. Finally, nVerses Capital LLC boosted its holdings in shares of 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 buying an additional 4,600 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EXPI shares. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd. 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 report on Thursday, August 1st.

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.