Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $720,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the sale, the chief executive officer now directly owns 40,389,080 shares of the company’s stock, valued at $582,006,642.80. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Monday, November 18th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.72, for a total transaction of $636,000.00.
• On Tuesday, November 12th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.48, for a total transaction of $724,000.00.
• On Tuesday, November 5th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.11, for a total transaction of $705,500.00.
• On Tuesday, October 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $12.88, for a total transaction of $515,200.00.
• On Tuesday, October 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $12.82, for a total transaction 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 transaction 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 transaction of $536,400.00.
• On Tuesday, October 1st, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $13.93, for a total transaction of $557,200.00.
• On Tuesday, September 24th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was 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 stock was sold at an average price of $15.00, for a total transaction of $18,765.00.

eXp World Trading Up 1.5 %

EXPI stock opened at $14.08 on Thursday. The firm’s 50-day moving average price is $13.56 and its two-hundred day moving average price is $12.63. eXp World Holdings, Inc. has a 12-month low of $8.91 and a 12-month high of $17.11. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -64.00 and a beta of 2.31.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 18th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, November 18th. eXp World’s payout ratio is -90.91%.

Hedge Funds Weigh In On eXp World

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new position in shares of eXp World during the second quarter valued at about $26,000. Meeder Asset Management Inc. purchased a new position in shares of eXp World during the second quarter valued at about $29,000. Allspring Global Investments Holdings LLC purchased a new position in shares of eXp World during the third quarter valued at about $30,000. Point72 Hong Kong Ltd purchased a new position in shares of eXp World during the third quarter valued at about $34,000. Finally, nVerses Capital LLC increased its position in shares of eXp World by 102.2% during the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after buying an additional 4,600 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson boosted their price objective on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st.

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.