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BELLINGHAM, WA—Glenn Darrel Sanford, the CEO and Chairman of the Board of eXp World Holdings, Inc. (NASDAQ:EXPI), has recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Sanford sold 25,000 shares of common stock on February 24, 2025. The shares were sold at a weighted average price of approximately $10.21, with the sale value totaling $255,180. The transaction comes as the $1.57 billion market cap company’s stock has declined 11.38% year-to-date, though InvestingPro analysis suggests the stock is currently undervalued.
The transaction was executed in multiple trades, with prices ranging from $9.97 to $10.42 per share. Following this transaction, Sanford retains ownership of 39,903,400 shares of eXp World Holdings. InvestingPro data shows the stock has been particularly volatile, with prices fluctuating between $8.91 and $15.39 over the past 52 weeks.
eXp World Holdings, a real estate brokerage firm generating $4.57 billion in revenue over the last twelve months, continues to be a significant player in the real estate industry, and Sanford’s transactions are closely monitored by investors and analysts alike. Discover 15+ additional exclusive insights about EXPI with InvestingPro, including detailed Fair Value analysis and comprehensive financial health scores.
In other recent news, eXp World Holdings Inc. reported its fourth-quarter 2024 financial results, showcasing a revenue of $1.1 billion, which exceeded analyst forecasts of $1.03 billion. This represents a 12% year-over-year increase, contributing to a full-year revenue of $4.6 billion, up 7% from 2023. Despite these strong revenue figures, the company’s earnings per share stood at -0.03, aligning with expectations. Adjusted EBITDA for the year increased by 16% to $75.5 million, indicating a robust financial performance despite market challenges. DA Davidson has maintained a Neutral rating on eXp World Holdings, keeping a price target of $13.50 per share. This decision reflects the company’s mixed performance, with strong revenue growth but challenges in agent retention, particularly in the domestic market. The company also plans to expand its operations to over 60 countries within the next five years, aiming to enhance its global presence and invest in AI to improve operational efficiency. As eXp World Holdings continues its international expansion, investors will likely focus on how the company navigates agent retention and market dynamics.
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