David Michael Barrett Sells 32,473 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 32,473 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $3.41, for a total value of $110,732.93. Following the sale, the chief executive officer now directly owns 2,147,203 shares of the company’s stock, valued at approximately $7,321,962.23. This represents a 1.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $3.50, for a total value of $105,000.00.
• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The stock was sold at an average price of $3.83, for a total value of $23,562.16.
• On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The stock was sold at an average price of $3.84, for a total transaction of $50,964.48.
• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The shares were sold at an average price of $2.91, for a total transaction of $44,971.14.
• On Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The stock was sold at an average price of $2.70, for a total transaction of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Stock Up 1.5 %

Expensify stock opened at $3.40 on Monday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.13. The stock has a market cap of $262.34 million, a P/E ratio of -18.89 and a beta of 1.85. The company’s fifty day simple moving average is $3.38 and its 200-day simple moving average is $2.50.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EXFY shares. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup lifted their target price on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

Institutional Trading of Expensify

A number of institutional investors have recently bought and sold shares of the company. Walleye Capital LLC raised its stake in shares of Expensify by 42.1% during the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after purchasing an additional 178,911 shares in the last quarter. Geode Capital Management LLC increased its holdings in Expensify by 11.3% in the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after buying an additional 52,385 shares during the last quarter. Marshall Wace LLP acquired a new position in Expensify in the second quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Expensify during the second quarter valued at approximately $86,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Expensify by 25.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after acquiring an additional 63,052 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

About Expensify

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.