S&P 500 may face selling pressure as systematic funds reach full exposure
BELLINGHAM, WA—Glenn Darrel Sanford, the CEO and Chairman of the Board of eXp World Holdings, Inc. (NASDAQ:EXPI), recently executed a significant stock transaction. According to a recent SEC filing, Sanford sold 25,000 shares of common stock on March 24, 2025. The shares were sold at a weighted average price of $10.3653 per share, totaling approximately $259,132. The transaction comes as EXPI trades near its 52-week low of $9.20, with the stock down about 27% over the past six months, according to InvestingPro data.
The sale was conducted over multiple transactions at prices ranging from $10.045 to $10.49 per share. Following this transaction, Sanford retains ownership of 39,803,400 shares of eXp World Holdings. The company, currently valued at $1.6 billion, generates annual revenue of $4.57 billion and maintains a healthy free cash flow yield of 12%. InvestingPro analysis reveals 17 additional key insights about EXPI’s financial health and market position.
eXp World Holdings, a real estate company incorporated in Delaware, continues to be a significant player in the real estate sector, with Sanford at the helm. For a comprehensive analysis of EXPI’s valuation, financial health, and growth prospects, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, eXp World Holdings Inc. reported its fourth-quarter 2024 earnings, revealing a revenue of $1.1 billion, surpassing forecasts of $1.03 billion. Despite meeting expectations with an earnings per share of -0.03, the company’s revenue performance was notably strong, contributing to a full-year revenue of $4.6 billion, a 7% increase from the previous year. The company’s adjusted EBITDA for the quarter was $7.7 million, defying the expected consensus of a $2 million loss. Meanwhile, DA Davidson maintained a Neutral rating on eXp World Holdings with a price target of $13.50, reflecting both solid financial results and concerns over domestic agent retention.
Additionally, eXp World Holdings has amended its share repurchase plan, extending the terms through December 31, 2025, though specific changes to repurchase amounts were not disclosed. The company also announced the resignation of its Chief Accounting Officer, Jian (Kent) Cheng, effective March 31, 2025, with a transition plan in place as the search for a new CFO continues. In a strategic move, eXp Realty, a subsidiary of eXp World Holdings, added HGTV star Kortney Wilson to its team, aiming to expand her real estate and design business through eXp’s global network. These developments come as the company continues to navigate a challenging real estate market, with a focus on international expansion and agent productivity.
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