Glenn Darrel Sanford Sells 20,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 20,000 shares of eXp World stock in a transaction on Monday, July 1st. The shares were sold at an average price of $10.74, for a total transaction of $214,800.00. Following the completion of the transaction, the chief executive officer now directly owns 41,474,292 shares of the company’s stock, valued at approximately $445,433,896.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, June 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were 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 shares were 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 shares were sold at an average price of $11.05, for a total transaction of $276,250.00.

eXp World Stock Performance

Shares of EXPI opened at $10.51 on Thursday. The stock has a 50 day moving average price of $11.22 and a 200 day moving average price of $11.85. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $25.39. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -61.82 and a beta of 2.34.

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

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.90%. eXp World’s payout ratio is -117.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXPI. EverSource Wealth Advisors LLC lifted its position in eXp World by 12.3% during the first quarter. EverSource Wealth Advisors LLC now owns 21,634 shares of the technology company’s stock worth $215,000 after buying an additional 2,370 shares in the last quarter. Cim LLC raised its holdings in shares of eXp World by 12.0% during the 1st quarter. Cim LLC now owns 30,080 shares of the technology company’s stock worth $311,000 after acquiring an additional 3,214 shares during the period. Bayesian Capital Management LP acquired a new position in shares of eXp World during the 1st quarter valued at about $138,000. Price T Rowe Associates Inc. MD grew its holdings in shares of eXp World by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,126 shares of the technology company’s stock valued at $663,000 after purchasing an additional 2,845 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in eXp World during the first quarter worth about $124,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed an “underperform” rating and issued a $11.75 price target on shares of eXp World in a research note on Thursday, May 2nd.

eXp World Company Profile

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.