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 dated Monday, March 10th. The stock was sold at an average price of $9.76, for a total value of $244,000.00. Following the completion of the transaction, the chief executive officer now directly owns 39,853,400 shares of the company’s stock, valued at approximately $388,969,184. The trade was a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 3rd, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.04, for a total value of $251,000.00.
• On Monday, February 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.21, for a total value of $255,250.00.
• 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $11.97, for a total value of $438,461.10.

eXp World Price Performance

Shares of eXp World stock opened at $9.55 on Thursday. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $15.39. The stock’s 50-day moving average is $10.83 and its 200 day moving average is $12.35. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of -68.21 and a beta of 2.33.

eXp World (NASDAQ:EXPI) last announced its earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, sell-side analysts expect that eXp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.09%. eXp World’s payout ratio is -142.86%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in eXp World by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,485 shares of the technology company’s stock worth $2,123,000 after buying an additional 21,461 shares during the period. Squarepoint Ops LLC raised its stake in eXp World by 22.2% during the 4th quarter. Squarepoint Ops LLC now owns 28,746 shares of the technology company’s stock worth $331,000 after buying an additional 5,215 shares during the period. Two Sigma Advisers LP raised its stake in eXp World by 4.6% during the 4th quarter. Two Sigma Advisers LP now owns 66,400 shares of the technology company’s stock worth $764,000 after buying an additional 2,900 shares during the period. State of Wyoming raised its stake in eXp World by 79.4% during the 4th quarter. State of Wyoming now owns 44,517 shares of the technology company’s stock worth $512,000 after buying an additional 19,699 shares during the period. Finally, Snowden Capital Advisors LLC raised its stake in eXp World by 10.1% during the 4th quarter. Snowden Capital Advisors LLC now owns 25,976 shares of the technology company’s stock worth $299,000 after buying an additional 2,381 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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