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

eXp World Holdings, Inc. (NASDAQ:EXPIGet Free Report) CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $10.92, for a total value of $273,000.00. Following the completion of the transaction, the chief executive officer now directly owns 41,513,393 shares of the company’s stock, valued at approximately $453,326,251.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The stock was sold at an average price of $12.02, for a total value of $12,080.10.
  • On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $11.05, for a total value of $276,250.00.

eXp World Trading Down 5.9 %

Shares of EXPI stock opened at $10.72 on Friday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -63.06 and a beta of 2.32. The stock has a 50-day moving average of $11.02 and a 200-day moving average of $12.17. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $25.39.

eXp World (NASDAQ:EXPIGet Free Report) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The company had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. During the same quarter in the prior year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Sell-side analysts forecast that eXp World Holdings, Inc. will post 0.18 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were given a dividend of $0.05 per share. The ex-dividend date was Friday, May 10th. This represents a $0.20 annualized dividend and a dividend yield of 1.87%. eXp World’s payout ratio is -117.65%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXPI shares. DA Davidson reaffirmed an “underperform” rating and issued a $11.75 target price on shares of eXp World in a report on Thursday, May 2nd. TheStreet cut eXp World from a “c-” rating to a “d” rating in a research note on Monday, March 4th.

View Our Latest Report on EXPI

Institutional Investors Weigh In On eXp World

Several institutional investors and hedge funds have recently made changes to their positions in EXPI. Victory Capital Management Inc. boosted its position in shares of eXp World by 123.0% during the 3rd quarter. Victory Capital Management Inc. now owns 49,826 shares of the technology company’s stock valued at $809,000 after purchasing an additional 27,485 shares in the last quarter. Barclays PLC boosted its holdings in eXp World by 26.5% in the third quarter. Barclays PLC now owns 46,468 shares of the technology company’s stock worth $755,000 after acquiring an additional 9,746 shares in the last quarter. Swiss National Bank boosted its holdings in eXp World by 3.9% in the third quarter. Swiss National Bank now owns 168,700 shares of the technology company’s stock worth $2,740,000 after acquiring an additional 6,400 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in eXp World in the third quarter worth approximately $648,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in eXp World by 8.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 783,847 shares of the technology company’s stock worth $12,730,000 after acquiring an additional 63,067 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for eXp World (NASDAQ:EXPI)

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