Glenn Sanford, CEO and Chairman of the Board, 10% Owner of eXp World Holdings Inc (EXPI, Financial), executed a sale of 40,000 shares of the company on October 8, 2024. The transaction was filed on SEC Filing. Following this transaction, the insider now owns 40,709,780 shares of the company. The shares were sold at a price of $13.41, valuing the transaction at approximately $536,400.
eXp World Holdings Inc operates as a cloud-based real estate brokerage firm. The company primarily provides real estate brokerage services for residential homeowners and homebuyers. The innovative use of virtual technologies allows it to operate with reduced physical infrastructure and support staff, offering competitive commissions to agents and brokers enrolled in its network.
Over the past year, Glenn Sanford has sold a total of 942,421 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 26 insider sells and no insider buys over the past year.
The stock of eXp World Holdings Inc was trading at $13.41 on the day of the sale, giving the company a market cap of approximately $2.064 billion. According to the GF Value, the intrinsic value of the stock is estimated at $15.06, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.89.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on the company's past performance and estimated future business outcomes.
This insider sell event may be of interest to investors tracking insider behaviors and company valuation metrics to gauge potential future stock movements and company 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.
