Glenn Darrel Sanford Sells 40,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $12.82, for a total value of $512,800.00. Following the transaction, the chief executive officer now directly owns 40,629,780 shares in the company, valued at $520,873,779.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, October 15th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was 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 value 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 value of $557,200.00.
• 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 value 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 value 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 value 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 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 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.

eXp World Stock Down 0.7 %

Shares of NASDAQ EXPI traded down $0.09 during midday trading on Wednesday, hitting $12.76. The stock had a trading volume of 336,935 shares, compared to its average volume of 1,017,786. The company has a market cap of $1.98 billion, a P/E ratio of -75.59 and a beta of 2.30. The business’s 50 day moving average is $13.10 and its 200-day moving average is $12.10. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.11.

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

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.57%. eXp World’s payout ratio is -117.65%.

Hedge Funds Weigh In On eXp World

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nordea Investment Management AB grew its position in eXp World by 49.3% in the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after purchasing an additional 136,151 shares during the period. Quantbot Technologies LP lifted its position in eXp World by 551.7% during the first quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock valued at $934,000 after purchasing an additional 76,536 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new stake in eXp World during the first quarter valued at about $469,000. Allspring Global Investments Holdings LLC increased its position in eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after buying an additional 10,195 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in shares of eXp World in the first quarter worth about $578,000. Institutional investors own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPI has been the topic of a number of analyst reports. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson increased their target price on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note 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.