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 firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $13.93, for a total value of $557,200.00. Following the sale, the chief executive officer now owns 40,749,780 shares of the company’s stock, valued at $567,644,435.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $711,500.00.
• On Thursday, September 19th, Glenn Darrel Sanford sold 1,251 shares of eXp World stock. The shares were sold at an average price of $15.00, for a total transaction of $18,765.00.
• On Tuesday, September 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.49, for a total transaction 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 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 stock was 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 transaction 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 transaction of $616,500.00.
• On Monday, July 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $14.48, for a total value of $579,200.00.

eXp World Stock Performance

Shares of eXp World stock traded down $0.35 during trading on Wednesday, reaching $13.76. The company’s stock had a trading volume of 659,993 shares, compared to its average volume of 1,048,242. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $17.11. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of -80.94 and a beta of 2.29. The business’s fifty day moving average price is $13.03 and its 200-day moving average price is $11.76.

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

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders 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 dividend yield of 1.45%. The ex-dividend date was Wednesday, August 14th. eXp World’s dividend payout ratio is currently -117.65%.

Institutional Investors Weigh In On eXp World

Hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB lifted its holdings in shares of eXp World by 49.3% during the 1st quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after acquiring an additional 136,151 shares during the period. Quantbot Technologies LP boosted its holdings 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 shares of eXp World in the 1st quarter valued at approximately $469,000. Allspring Global Investments Holdings LLC raised its holdings in shares of eXp World by 552.0% in the 1st 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. acquired a new stake in eXp World in the 1st quarter valued at $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 recent analyst reports. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. DA Davidson boosted their price objective on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

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.