Glenn Darrel Sanford Sells 25,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $10.21, for a total value of $255,250.00. Following the completion of the sale, the chief executive officer now directly owns 39,903,400 shares in the company, valued at approximately $407,413,714. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value 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 value 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 stock was 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 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 value 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 value 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 value of $630,000.00.
• On Tuesday, December 10th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $13.00, for a total value of $650,000.00.

eXp World Price Performance

Shares of NASDAQ:EXPI opened at $10.50 on Wednesday. The company has a market cap of $1.62 billion, a P/E ratio of -74.96 and a beta of 2.29. eXp World Holdings, Inc. has a 1 year low of $8.91 and a 1 year high of $15.39. The stock’s fifty day moving average price is $11.25 and its 200-day moving average price is $12.53.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Tuesday, March 4th. eXp World’s dividend payout ratio is -142.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EXPI. Allspring Global Investments Holdings LLC bought a new position in eXp World in the third quarter valued at about $30,000. Louisiana State Employees Retirement System lifted its holdings in eXp World by 4.9% in the third quarter. Louisiana State Employees Retirement System now owns 40,900 shares of the technology company’s stock valued at $576,000 after acquiring an additional 1,900 shares during the period. 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 valued at $679,000 after acquiring an additional 2,793 shares during the period. Financial Advocates Investment Management lifted its holdings in eXp World by 9.6% in the third quarter. Financial Advocates Investment Management now owns 11,380 shares of the technology company’s stock valued at $160,000 after acquiring an additional 1,000 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in eXp World by 91.9% in the third quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock valued at $1,642,000 after acquiring an additional 55,814 shares during the period. Institutional investors own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “neutral” rating and set a $13.50 price target on shares of eXp World in a 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.