David Michael Barrett Sells 16,260 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,260 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1.52, for a total transaction of $24,715.20. Following the completion of the transaction, the chief executive officer now owns 3,264,870 shares in the company, valued at approximately $4,962,602.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

David Michael Barrett also recently made the following trade(s):

• On Friday, August 9th, David Michael Barrett sold 12,801 shares of Expensify stock. The stock was sold at an average price of $1.98, for a total transaction of $25,345.98.
• On Monday, August 5th, David Michael Barrett sold 16,330 shares of Expensify stock. The shares were sold at an average price of $1.51, for a total transaction of $24,658.30.
• On Friday, August 2nd, David Michael Barrett sold 15,475 shares of Expensify stock. The stock was sold at an average price of $1.61, for a total value of $24,914.75.
• On Wednesday, July 31st, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.84, for a total value of $2,760.00.
• On Monday, July 29th, David Michael Barrett sold 9,994 shares of Expensify stock. The shares were sold at an average price of $1.92, for a total transaction of $19,188.48.
• On Friday, July 26th, David Michael Barrett sold 13,140 shares of Expensify stock. The stock was sold at an average price of $1.93, for a total transaction of $25,360.20.
• On Wednesday, July 24th, David Michael Barrett sold 12,850 shares of Expensify stock. The stock was sold at an average price of $1.98, for a total transaction of $25,443.00.
• On Monday, July 22nd, David Michael Barrett sold 13,560 shares of Expensify stock. The shares were sold at an average price of $1.87, for a total transaction of $25,357.20.
• On Friday, July 19th, David Michael Barrett sold 13,350 shares of Expensify stock. The shares were sold at an average price of $1.89, for a total value of $25,231.50.
• On Wednesday, July 17th, David Michael Barrett sold 12,385 shares of Expensify stock. The stock was sold at an average price of $2.07, for a total transaction of $25,636.95.

Expensify Price Performance

EXFY opened at $2.10 on Monday. The business has a 50 day moving average price of $1.66 and a two-hundred day moving average price of $1.72. The company has a market capitalization of $181.64 million, a price-to-earnings ratio of -4.38 and a beta of 1.48. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.84.

Expensify (NASDAQ:EXFY) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The firm had revenue of $33.50 million during the quarter, compared to the consensus estimate of $35.56 million. During the same period in the prior year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was down 16.5% on a year-over-year basis. Equities analysts expect that Expensify, Inc. will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Expensify

Several hedge funds and other institutional investors have recently bought and sold shares of EXFY. Wealthspire Advisors LLC boosted its position in shares of Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after purchasing an additional 19,157 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Expensify during the first quarter worth approximately $65,000. Acadian Asset Management LLC grew its position in Expensify by 74.4% in the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after buying an additional 129,689 shares during the last quarter. Vanguard Group Inc. grew its position in Expensify by 16.6% in the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after buying an additional 476,687 shares during the last quarter. Finally, Palogic Value Management L.P. increased its holdings in shares of Expensify by 33.3% in the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after buying an additional 200,000 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EXFY. JMP Securities upgraded Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a research note on Friday. Citigroup decreased their target price on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, Morgan Stanley raised Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Expensify currently has an average rating of “Hold” and an average target price of $2.63.

Expensify Company Profile

Expensify, Inc provides a cloud-based expense management software platform to individuals and corporations, small and midsized businesses, and enterprises in the United States and internationally. The company's platform enables users to manage corporate cards, pay bills, generate invoices, collect payments, and book travel.