Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 25,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.76, for a total value of $244,000.00. Following the completion of the transaction, the chief executive officer now owns 39,828,400 shares in the company, valued at approximately $388,725,184. The trade was a 0.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, March 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $9.76, for a total value of $244,000.00.
• On Monday, March 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.04, for a total transaction of $251,000.00.
• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were 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 transaction of $275,500.00.
• On Monday, February 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.96, for a total transaction 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 shares were 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 transaction of $268,500.00.
• On Monday, January 6th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.52, for a total transaction of $288,000.00.

eXp World Stock Performance

NASDAQ:EXPI traded up $0.10 during trading hours on Friday, reaching $9.96. The stock had a trading volume of 8,314,946 shares, compared to its average volume of 1,002,842. The stock has a market cap of $1.51 billion, a P/E ratio of -71.14 and a beta of 2.33. The stock has a 50 day simple moving average of $10.64 and a 200 day simple moving average of $12.23. eXp World Holdings, Inc. has a 12-month low of $9.20 and a 12-month high of $15.39.

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eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. On average, equities analysts expect that eXp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, March 4th. eXp World's payout ratio is currently -142.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of eXp World by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,485 shares of the technology company's stock worth $2,123,000 after acquiring an additional 21,461 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of eXp World by 22.2% during the 4th quarter. Squarepoint Ops LLC now owns 28,746 shares of the technology company's stock valued at $331,000 after purchasing an additional 5,215 shares during the period. Two Sigma Advisers LP lifted its holdings in eXp World by 4.6% during the 4th quarter. Two Sigma Advisers LP now owns 66,400 shares of the technology company's stock worth $764,000 after purchasing an additional 2,900 shares in the last quarter. State of Wyoming boosted its stake in eXp World by 79.4% in the 4th quarter. State of Wyoming now owns 44,517 shares of the technology company's stock worth $512,000 after purchasing an additional 19,699 shares during the period. Finally, Snowden Capital Advisors LLC grew its holdings in eXp World by 10.1% during the 4th quarter. Snowden Capital Advisors LLC now owns 25,976 shares of the technology company's stock valued at $299,000 after buying an additional 2,381 shares in the last quarter. 27.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed a "neutral" rating and issued a $13.50 price objective on shares of eXp World in a research 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.