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In a recent transaction, Glenn Darrel Sanford, the CEO and Chairman of the Board at eXp World Holdings, Inc. (NASDAQ:EXPI), sold 20,000 shares of the company’s common stock. The shares were sold at a weighted average price of $9.7989, with the transaction amounting to a total of $195,978. The sales were executed on April 1, 2025, as disclosed in a filing with the Securities and Exchange Commission. The transaction comes as EXPI shares trade near their 52-week low of $9.20, having declined over 30% in the past six months. According to InvestingPro analysis, the stock currently appears undervalued.
Following this transaction, Sanford retains ownership of 39,783,400 shares of eXp World Holdings. The shares were sold in multiple transactions with prices ranging from $9.69 to $10.00. Sanford’s role as both CEO and Chairman, along with his position as a ten percent owner, underscores his significant involvement in the company. While this insider sale might raise concerns, InvestingPro data reveals that management has been actively buying back shares, and the company maintains strong liquidity with more cash than debt on its balance sheet. For detailed insights and 15+ additional ProTips about EXPI, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, eXp World Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a notable 12% increase in revenue to $1.1 billion, exceeding forecasts of $1.03 billion. The adjusted EBITDA for the quarter was $7.7 million, surpassing expectations of a $2 million loss. Despite a decrease in total agent count, the company’s international agent numbers grew, highlighting the firm’s global expansion efforts. eXp World Holdings also announced the resignation of its Chief Accounting Officer, Jian (Kent) Cheng, who will transition to a strategic advisor role until August 2025. Additionally, eXp Realty, a subsidiary of eXp World Holdings, signed HGTV star Kortney Wilson to its roster, aiming to leverage her expertise in home renovation and design. The company amended its share repurchase plan, extending it through December 2025, reflecting a shift in capital allocation strategy. Analyst firm DA Davidson maintained a Neutral rating on eXp World Holdings’ stock, with a price target of $13.50, following the company’s strong financial performance and challenges in domestic agent retention.
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