eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford Sells 50,000 Shares

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $14.49, for a total value of $724,500.00. Following the sale, the chief executive officer now owns 40,820,297 shares of the company’s stock, valued at approximately $591,486,103.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $11.82, for a total transaction 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 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 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 stock was 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 transaction 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 transaction of $793,638.02.
• On Monday, July 15th, Glenn Darrel Sanford sold 83,240 shares of eXp World stock. The shares were sold at an average price of $12.80, for a total transaction of $1,065,472.00.

eXp World Stock Up 4.0 %

Shares of NASDAQ:EXPI opened at $14.73 on Friday. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $17.83. The company has a 50-day moving average price of $12.96 and a 200 day moving average price of $11.65. The company has a market cap of $2.28 billion, a P/E ratio of -86.65 and a beta of 2.30.

eXp World (NASDAQ:EXPI) last posted its quarterly 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). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business earned $0.06 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts expect that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s payout ratio is currently -117.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd. DA Davidson boosted their price objective on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, August 1st.

Institutional Trading of eXp World

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in eXp World by 12.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock valued at $13,621,000 after buying an additional 93,810 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of eXp World by 16.7% in the fourth quarter. BNP Paribas Financial Markets now owns 118,322 shares of the technology company’s stock valued at $1,836,000 after acquiring an additional 16,891 shares in the last quarter. Norges Bank acquired a new stake in shares of eXp World during the fourth quarter valued at $7,141,000. Dynamic Technology Lab Private Ltd increased its position in eXp World by 204.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 50,547 shares of the technology company’s stock worth $784,000 after purchasing an additional 33,947 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in eXp World in the 4th quarter valued at about $300,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.