Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $222,400.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 20,000 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $11.12, for a total value of $222,400.00. Following the completion of the sale, the chief executive officer now owns 41,454,292 shares of the company’s stock, valued at approximately $460,971,727.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 value of $214,800.00.
• 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 value 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 value of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.92, for a total value 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 value of $276,250.00.

eXp World Stock Up 4.4 %

NASDAQ:EXPI opened at $12.17 on Friday. The business’s 50 day moving average is $11.33 and its two-hundred day moving average is $11.72. eXp World Holdings, Inc. has a 52 week low of $8.91 and a 52 week high of $25.39. The company has a market cap of $1.88 billion, a PE ratio of -71.58 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) EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $893.24 million. During the same quarter last year, the business posted $0.01 EPS. eXp World’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts expect that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

eXp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 27th. Shareholders of record on Monday, May 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s dividend payout ratio is presently -117.64%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EXPI. Norges Bank bought a new position in eXp World during the 4th quarter worth approximately $7,141,000. Vident Advisory LLC lifted its holdings in shares of eXp World by 594.0% in the 1st quarter. Vident Advisory LLC now owns 289,831 shares of the technology company’s stock worth $2,994,000 after purchasing an additional 248,070 shares during the last quarter. Copeland Capital Management LLC lifted its holdings in shares of eXp World by 6.4% in the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock worth $60,011,000 after purchasing an additional 232,321 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of eXp World in the 3rd quarter worth approximately $3,771,000. Finally, Vanguard Group Inc. lifted its holdings in shares of eXp World by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,017,564 shares of the technology company’s stock worth $195,165,000 after purchasing an additional 168,360 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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.