eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford Sells 40,000 Shares

Posted by Maurice Goldstein on Oct 30th, 2024

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) CEO Glenn Darrel Sanford sold 40,000 shares of eXp World stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $12.88, for a total transaction of $515,200.00. Following the sale, the chief executive officer now directly owns 40,589,780 shares of the company’s stock, valued at $522,796,366.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

On Tuesday, October 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $12.82, for a total value of $512,800.00.
On Tuesday, October 15th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.28, for a total value of $531,200.00.
On Tuesday, October 8th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.41, for a total value of $536,400.00.
On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.93, for a total value 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 value 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 shares were 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 value 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 value of $579,115.68.

eXp World Price Performance

Shares of EXPI stock traded up $0.15 during trading hours on Wednesday, reaching $13.03. The company had a trading volume of 117,474 shares, compared to its average volume of 1,006,711. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -75.76 and a beta of 2.30. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $17.11. The business has a fifty day simple moving average of $13.15 and a 200-day simple moving average of $12.20.

eXp World (NASDAQ:EXPI – Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share 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 company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the business posted $0.06 earnings per share. eXp World’s revenue was up 5.2% on a year-over-year basis. On average, equities research analysts expect that eXp World Holdings, Inc. will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. DA Davidson upped their price objective on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, August 1st. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

Get Our Latest Analysis on EXPI

Institutional Investors Weigh In On eXp World

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in eXp World by 49.3% in the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after purchasing an additional 136,151 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of eXp World by 551.7% during the 1st quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock valued at $934,000 after buying an additional 76,536 shares during the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in eXp World during the first quarter worth about $469,000. Allspring Global Investments Holdings LLC increased its stake in shares of eXp World by 552.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after purchasing an additional 10,195 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of eXp World in the first quarter valued at approximately $578,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

(Get Free Report)

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.