Glenn Sanford, CEO and Chairman of the Board at eXp World Holdings, Inc. (NASDAQ:EXPI), recently sold a small portion of his holdings in the company. According to a recent SEC filing, Sanford sold 119 shares of common stock at a weighted average price of $13.66 per share, amounting to a total transaction value of $1,625. The transaction comes as EXPI, currently valued at $2.1 billion, has shown strong momentum with a 31% return over the past six months. Following this sale, Sanford retains ownership of 40,339,080 shares in the company. The shares were sold in multiple transactions at prices ranging from $13.41 to $13.89. According to InvestingPro analysis, EXPI currently trades near its Fair Value, with the company maintaining a GOOD overall financial health score. For deeper insights into insider transactions and 18+ additional ProTips, including management's share buyback activities, consider exploring EXPI's comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, eXp World Holdings reported a slight year-over-year revenue increase of 2% in Q3 2024, amounting to $1.231 billion. The company's adjusted EBITDA rose by 15%, hitting $23.9 million. Despite facing challenges in the U.S. real estate market, eXp World Holdings experienced a substantial 63% growth in international sector revenue. The company is planning expansions into Turkey, Peru, and Egypt in early 2025. However, a GAAP net loss of $8.5 million was reported, primarily due to an $18 million contingency provision for an ongoing antitrust lawsuit. The company also announced the launch of homehunter.global and the acquisition of LUXVT to enhance their luxury market offerings. These are among the recent developments concerning eXp World Holdings.
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