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 dated Monday, March 3rd. The shares were sold at an average price of $10.04, for a total value of $251,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,878,400 shares of the company's stock, valued at $400,379,136. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was 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 stock was 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 transaction 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 shares were sold at an average price of $10.74, for a total value of $268,500.00.
• On Monday, January 6th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.52, for a total transaction of $288,000.00.
• On Thursday, December 26th, Glenn Darrel Sanford sold 36,630 shares of eXp World stock. The stock was sold at an average price of $11.97, for a total transaction of $438,461.10.
• On Tuesday, December 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $12.60, for a total transaction of $630,000.00.

eXp World Price Performance

NASDAQ:EXPI traded up $0.03 during midday trading on Friday, reaching $9.92. 836,088 shares of the company traded hands, compared to its average volume of 981,322. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -70.85 and a beta of 2.33. The company has a fifty day moving average price of $10.98 and a 200 day moving average price of $12.43. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $15.39.

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

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.02%. eXp World's dividend payout ratio (DPR) is presently -142.86%.

Hedge Funds Weigh In On eXp World

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in eXp World during the 3rd quarter worth $30,000. Louisiana State Employees Retirement System raised its stake in shares of eXp World by 4.9% during the third quarter. Louisiana State Employees Retirement System now owns 40,900 shares of the technology company's stock valued at $576,000 after purchasing an additional 1,900 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in eXp World by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 48,250 shares of the technology company's stock worth $679,000 after purchasing an additional 2,793 shares during the period. Financial Advocates Investment Management grew its position in eXp World by 9.6% in the 3rd quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company's stock valued at $160,000 after buying an additional 1,000 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in eXp World by 91.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company's stock valued at $1,642,000 after buying an additional 55,814 shares during the period. 27.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a "neutral" rating and issued a $13.50 target price on shares of eXp World in a report on Friday, February 21st.

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.