Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 25,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $11.52, for a total value of $288,000.00. Following the sale, the chief executive officer now owns 40,147,450 shares in the company, valued at approximately $462,498,624. This trade represents a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, December 26th, Glenn Darrel Sanford sold 36,630 shares of eXp World stock. The stock was sold at an average price of $11.97, for a total value of $438,461.10.
• On Tuesday, December 17th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $12.60, for a total transaction of $630,000.00.
• On Tuesday, December 10th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $13.00, for a total value of $650,000.00.
• On Tuesday, December 3rd, Glenn Darrel Sanford sold 49,881 shares of eXp World stock. The stock was sold at an average price of $13.87, for a total value of $691,849.47.
• On Monday, November 25th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00.
• On Monday, November 18th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were 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 shares were sold at an average price of $14.48, for a total value of $724,000.00.
• On Tuesday, November 5th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were sold at an average price of $14.11, for a total value 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 value 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.

eXp World Price Performance

EXPI traded down $0.31 during mid-day trading on Tuesday, hitting $11.13. The stock had a trading volume of 1,025,211 shares, compared to its average volume of 1,035,728. The stock’s fifty day simple moving average is $13.04 and its 200-day simple moving average is $12.87. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -50.59 and a beta of 2.30. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $15.39.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Monday, November 18th. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EXPI. Bank of New York Mellon Corp grew its stake in shares of eXp World by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 710,428 shares of the technology company’s stock worth $8,017,000 after acquiring an additional 36,569 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of eXp World by 8.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,896 shares of the technology company’s stock worth $270,000 after purchasing an additional 1,768 shares in the last quarter. Rhumbline Advisers raised its position in eXp World by 4.7% during the second quarter. Rhumbline Advisers now owns 223,543 shares of the technology company’s stock worth $2,523,000 after acquiring an additional 9,979 shares in the last quarter. Quest Partners LLC lifted its stake in eXp World by 68.7% in the second quarter. Quest Partners LLC now owns 46,828 shares of the technology company’s stock valued at $528,000 after acquiring an additional 19,073 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of eXp World in the 2nd quarter valued at about $145,000. Institutional investors and hedge funds 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.