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BELLINGHAM, WA—Glenn Darrel Sanford, CEO and Chairman of eXp World Holdings, Inc. (NASDAQ:EXPI), recently sold 25,000 shares of the company’s common stock, according to a regulatory filing. The shares were sold at an average price of $9.76, generating total proceeds of approximately $243,915. The real estate technology company, currently valued at $1.49 billion, has maintained a strong financial position with more cash than debt on its balance sheet, according to InvestingPro data.
The transaction took place on March 10, 2025, and was disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Sanford retains ownership of 39,853,400 shares in the company.
The shares were sold in multiple transactions, with prices ranging from $9.51 to $9.98. Sanford remains a significant shareholder in eXp World Holdings, which is known for its innovative real estate solutions.
In other recent news, eXp World Holdings Inc. reported strong financial results for the fourth quarter of 2024, with revenue reaching $1.1 billion, a 12% increase year-over-year, surpassing analyst expectations of $1.03 billion. The company also reported a full-year revenue of $4.6 billion, marking a 7% growth from the previous year. Meanwhile, DA Davidson maintained a Neutral rating on eXp World Holdings, with a price target of $13.50, following the company’s solid fourth-quarter performance but noting concerns about domestic agent retention.
In other developments, eXp World Holdings announced the upcoming resignation of its Chief Accounting Officer, Jian (Kent) Cheng, effective March 31, 2025. Cheng will transition to a strategic advisor role until August 31, 2025, as the company searches for a new Chief Financial Officer. Additionally, eXp Realty, a subsidiary of eXp World Holdings, welcomed HGTV star Kortney Wilson to its roster, aiming to leverage her expertise in home renovation and design to expand her business globally.
Investors are keeping a close watch on eXp World Holdings as it continues its international expansion, planning to enter over 60 countries in the next five years. The company is also investing in artificial intelligence to enhance operational efficiency. These strategic moves are part of eXp’s efforts to maintain its competitive edge in the real estate market.
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