Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $724,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $14.49, for a total value of $724,500.00. Following the completion of the transaction, the chief executive officer now directly owns 40,820,297 shares in the company, valued at $591,486,103.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 10th, Glenn Darrel Sanford sold 59,935 shares of eXp World stock. The shares were sold at an average price of $12.41, for a total value of $743,793.35.
• On Tuesday, September 3rd, Glenn Darrel Sanford sold 26,630 shares of eXp World stock. The shares were 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 shares were sold at an average price of $12.98, for a total value of $579,115.68.
• On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The shares were sold at an average price of $12.32, for a total value of $591,162.88.
• On Tuesday, August 13th, Glenn Darrel Sanford sold 46,047 shares of eXp World stock. The shares were sold at an average price of $12.05, for a total value of $554,866.35.
• On Tuesday, August 6th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $12.33, for a total value of $616,500.00.
• On Monday, July 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $14.48, for a total value of $579,200.00.
• On Monday, July 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.79, for a total value of $551,600.00.
• On Wednesday, July 17th, Glenn Darrel Sanford sold 55,538 shares of eXp World stock. The stock was sold at an average price of $14.29, for a total value of $793,638.02.

eXp World Trading Down 4.8 %

Shares of NASDAQ:EXPI opened at $14.03 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 market capitalization of $2.17 billion, a PE ratio of -82.53 and a beta of 2.30. The business’s 50 day moving average is $12.99 and its 200-day moving average is $11.65.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.06 EPS. eXp World’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts predict that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s payout ratio is presently -117.65%.

Wall Street Analyst Weigh In

Several research analysts have commented on EXPI shares. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson lifted their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Institutional Trading of eXp World

Several institutional investors have recently modified their holdings of the company. Texas Permanent School Fund Corp grew its holdings in shares of eXp World by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock worth $695,000 after purchasing an additional 881 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in eXp World by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the technology company’s stock valued at $440,000 after buying an additional 900 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in eXp World by 29.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock valued at $116,000 after buying an additional 1,681 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in eXp World by 8.0% in the 2nd quarter. Commonwealth Equity Services LLC now owns 23,896 shares of the technology company’s stock valued at $270,000 after buying an additional 1,768 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in eXp World in the 4th quarter valued at $31,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.