Glenn Sanford, CEO, Chairman of the Board, and 10% Owner of eXp World Holdings Inc (NASDAQ:EXPI), executed a sale of 72,323 shares of the company on September 11, 2024, according to a recent SEC Filing. Post-transaction, the insider owns 40,870,297 shares of the company. The shares were sold at a price of $12.4 each.
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 suite of tools and services to enhance their operations.
Over the past year, Glenn Sanford has sold a total of 750,000 shares of eXp World Holdings Inc and has not purchased any shares. This recent transaction follows a pattern observed over the last year, where there have been 20 insider sells and no insider buys.
The stock of eXp World Holdings Inc is currently trading at $12.4, giving the company a market cap of approximately $1.972 billion. According to the GF Value, the intrinsic value of the stock is estimated at $15.00, indicating that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.83.
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 outcomes.
This insider selling activity might be of interest to current and potential investors as they evaluate the stock’s current valuation and future prospects in light of recent insider transactions.
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.
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