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BELLINGHAM, WA—Glenn Darrel Sanford, the CEO and Chairman of the Board at eXp World Holdings, Inc. (NASDAQ:EXPI), recently sold a portion of his stock in the company. According to a filing with the Securities and Exchange Commission, Sanford sold 20,000 shares of common stock on April 7, 2025. The shares were sold at a weighted average price of $9.225, resulting in total proceeds of approximately $184,500. InvestingPro data shows the stock has experienced significant volatility, trading between $8.64 and $15.39 over the past 52 weeks.
The transaction was executed in multiple trades, with prices ranging from $8.91 to $9.72 per share. Following this sale, Sanford retains ownership of 39,763,400 shares in the company. With a current market capitalization of $1.37 billion and annual revenue of $4.57 billion, EXPI trades at an attractive revenue multiple according to InvestingPro analysis.
eXp World Holdings, based in Bellingham, Washington, operates as a real estate brokerage firm and is known for its innovative cloud-based platform for real estate professionals. According to InvestingPro's comprehensive analysis (available in the Pro Research Report), the stock currently appears undervalued, with 16 additional key insights available to subscribers.
In other recent news, eXp World Holdings reported a 12% increase in revenue for the fourth quarter, exceeding consensus estimates by 6%. The company's adjusted EBITDA was $7.7 million, defying expectations of a $2 million loss, as noted by DA Davidson, which maintained a Neutral rating with a $13.50 price target. In another development, eXp World Holdings amended its share repurchase plan, extending it through December 31, 2025, to adjust its capital return strategy. Additionally, the company announced the resignation of Chief Accounting Officer Jian (Kent) Cheng, effective March 31, 2025, with a transition plan in place as they search for a new CFO.
eXp Realty, a subsidiary of eXp World Holdings, launched a Co-Sponsor Program aimed at enhancing agent growth and support. This initiative allows new agents to benefit from dual sponsorship, providing increased leadership support. The company also announced the addition of HGTV star Kortney Wilson to its roster, aiming to leverage her expertise in home renovation and design to expand their global network. These recent developments reflect eXp World Holdings' strategic efforts to innovate and adapt in the real estate market.
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