Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 40,000 Shares of Stock

11 Oct 2024, 04:27 by Jessica Moore · The Cerbat Gem

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) CEO Glenn Darrel Sanford sold 40,000 shares of eXp World stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $13.41, for a total transaction of $536,400.00. Following the transaction, the chief executive officer now directly owns 40,709,780 shares in the company, valued at $545,918,149.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.93, for a total transaction of $557,200.00.
On Tuesday, September 24th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were 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 transaction of $314,766.60.
On Tuesday, August 27th, Glenn Darrel Sanford sold 44,616 shares of eXp World stock. The shares were sold at an average price of $12.98, for a total transaction of $579,115.68.
On Tuesday, August 20th, Glenn Darrel Sanford sold 47,984 shares of eXp World stock. The stock was sold at an average price of $12.32, for a total transaction of $591,162.88.
On Tuesday, August 13th, Glenn Darrel Sanford sold 46,047 shares of eXp World stock. The stock was sold at an average price of $12.05, for a total value of $554,866.35.
On Tuesday, August 6th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.33, for a total value of $616,500.00.

eXp World Price Performance

NASDAQ:EXPI opened at $12.98 on Friday. The business has a 50 day moving average of $12.94 and a 200 day moving average of $11.91. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of -76.35 and a beta of 2.30. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11.

eXp World (NASDAQ:EXPI – Get Free Report) last posted its earnings results 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). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the firm posted $0.06 earnings per share. eXp World’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.09 EPS for the current year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.05 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.20 annualized dividend and a yield of 1.54%. eXp World’s payout ratio is -117.65%.

Analyst Upgrades and Downgrades

EXPI has been the subject of several recent research reports. DA Davidson lifted their price objective on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, August 1st. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd.

Read Our Latest Stock Analysis on eXp World

Institutional Investors Weigh In On eXp World

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in eXp World by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after acquiring an additional 107,303 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in eXp World by 6.0% in the second quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock worth $20,348,000 after acquiring an additional 101,600 shares in the last quarter. Millennium Management LLC boosted its holdings in eXp World by 91.7% in the second quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock worth $15,544,000 after acquiring an additional 659,012 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of eXp World by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 710,428 shares of the technology company’s stock valued at $8,017,000 after purchasing an additional 36,569 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of eXp World by 49.3% during the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock valued at $4,326,000 after purchasing an additional 136,151 shares in the last quarter. 27.17% of the stock is owned by institutional investors.

About eXp World

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