Insider Selling: eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells 50,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $13.00, for a total transaction of $650,000.00. Following the sale, the chief executive officer now directly owns 40,289,080 shares in the company, valued at $523,758,040. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, December 3rd, Glenn Darrel Sanford sold 49,881 shares of eXp World stock. The shares were sold at an average price of $13.87, for a total transaction of $691,849.47.
• On Monday, November 25th, Glenn Darrel Sanford sold 50,000 shares of eXp World stock. The shares were 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 transaction 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 transaction of $705,500.00.
• On Tuesday, October 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were 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 shares were 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 shares were 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 shares were 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.

eXp World Price Performance

Shares of NASDAQ:EXPI traded up $0.18 during trading on Wednesday, hitting $13.27. The company’s stock had a trading volume of 254,989 shares, compared to its average volume of 988,477. The company has a 50-day moving average of $13.47 and a 200-day moving average of $12.70. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $17.11. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -59.50 and a beta of 2.27.

eXp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, November 18th. eXp World’s dividend payout ratio (DPR) is presently -90.91%.

Hedge Funds Weigh In On eXp World

Several institutional investors have recently made changes to their positions in EXPI. Point72 DIFC Ltd bought a new position in shares of eXp World in the 2nd quarter worth approximately $26,000. Meeder Asset Management Inc. bought a new stake in eXp World during the 2nd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC bought a new stake in eXp World during the 3rd quarter worth approximately $30,000. Point72 Hong Kong Ltd bought a new stake in eXp World during the 3rd quarter worth approximately $34,000. Finally, nVerses Capital LLC raised its stake in eXp World by 102.2% during the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock worth $103,000 after acquiring an additional 4,600 shares during the period. 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.