Glenn Sanford, CEO and Chairman of the Board, 10% Owner of eXp World Holdings Inc (EXPI, Financial), executed a sale of 50,000 shares of the company on November 5, 2024. The transaction was filed on SEC Filing. Following this transaction, the insider now owns 40,539,780 shares of the company. The shares were sold at a price of $14.11, valuing the transaction at approximately $705,500.
eXp World Holdings Inc operates as a cloud-based real estate brokerage and technology platform. The company's unique structure allows real estate professionals to work remotely while providing them with a range of tools and services to enhance their operations.
Over the past year, Glenn Sanford has sold a total of 1,112,421 shares of eXp World Holdings Inc and has not purchased any shares. This recent sale is part of a broader trend seen within the company, where there have been 30 insider sells and no insider buys over the past year.
The stock of eXp World Holdings Inc was trading at $14.11 on the day of the sale, giving the company a market cap of approximately $2.14 billion. According to the GF Value, the intrinsic value of the stock is estimated at $15.12, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 0.93.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business results.
This insider selling activity may be of interest to investors tracking insider behaviors as an indicator of potential future stock performance, particularly in the context of the company's valuation and stock market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
