Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 16,715 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,715 shares of Expensify stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $3.27, for a total transaction of $54,658.05. Following the completion of the sale, the chief executive officer now owns 2,072,233 shares in the company, valued at approximately $6,776,201.91. This trade represents a 0.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The shares were sold at an average price of $3.32, for a total transaction of $120,479.48.
• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The stock was sold at an average price of $3.41, for a total transaction of $110,732.93.
• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was 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 shares were 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 value 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 shares were 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 Trading Up 0.9 %

Shares of EXFY opened at $3.33 on Friday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.13. The business’s fifty day simple moving average is $3.42 and its two-hundred day simple moving average is $2.54. The company has a market cap of $256.93 million, a price-to-earnings ratio of -18.50 and a beta of 1.85.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter. The business had revenue of $35.41 million during the quarter. Expensify had a negative return on equity of 14.72% and a negative net margin of 11.81%. During the same period last year, the firm earned ($0.21) EPS. As a group, research analysts forecast that Expensify, Inc. will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC raised its stake in Expensify by 42.1% during the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after buying an additional 178,911 shares during the last quarter. Geode Capital Management LLC increased its position in Expensify by 11.3% during the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after acquiring an additional 52,385 shares during the last quarter. Marshall Wace LLP bought a new position in Expensify in the second quarter valued at about $53,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify during the 2nd quarter valued at about $86,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Expensify by 25.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after purchasing an additional 63,052 shares during the last quarter. Institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

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

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.