Glenn Darrel Sanford Sells 83,240 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 83,240 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $12.80, for a total transaction of $1,065,472.00. Following the sale, the chief executive officer now directly owns 41,371,052 shares of the company’s stock, valued at $529,549,465.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, July 8th, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The shares were sold at an average price of $11.12, for a total transaction of $222,400.00.
• On Monday, July 1st, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The shares were sold at an average price of $10.74, for a total transaction of $214,800.00.
• On Monday, June 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.62, for a total transaction of $265,500.00.
• 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 transaction of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.92, for a total transaction of $273,000.00.
• 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 transaction of $276,250.00.

eXp World Stock Performance

EXPI stock traded up $0.56 during trading on Monday, reaching $12.88. The company had a trading volume of 1,479,564 shares, compared to its average volume of 1,062,001. The firm has a 50-day simple moving average of $11.36 and a 200-day simple moving average of $11.65. The company has a market cap of $1.99 billion, a price-to-earnings ratio of -72.47 and a beta of 2.34. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $25.39.

eXp World (NASDAQ:EXPI) last released its earnings results on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $943.10 million during the quarter, compared to analysts’ expectations of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. eXp World’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. Sell-side analysts expect that eXp World Holdings, Inc. will post 0.18 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Friday, May 10th. eXp World’s dividend payout ratio is presently -117.64%.

Analysts Set New Price Targets

Separately, DA Davidson restated a “neutral” rating and issued a $11.75 price target on shares of eXp World in a report on Friday.

Hedge Funds Weigh In On eXp World

A number of institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. increased its holdings in shares of eXp World by 354.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,540 shares in the last quarter. Scarborough Advisors LLC acquired a new stake in eXp World during the 4th quarter worth $31,000. Pineridge Advisors LLC acquired a new stake in eXp World during the 4th quarter worth $33,000. International Assets Investment Management LLC acquired a new stake in eXp World during the 4th quarter worth $48,000. Finally, Blue Trust Inc. boosted its stake in eXp World by 201.3% during the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,955 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.