Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells $120,479.48 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 36,289 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $3.32, for a total value of $120,479.48. Following the completion of the sale, the chief executive officer now owns 2,110,914 shares of the company’s stock, valued at approximately $7,008,234.48. This represents a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total transaction of $54,658.05.
• 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 transaction 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 value 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 value of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The stock was sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Price Performance

Shares of Expensify stock opened at $3.50 on Friday. The stock has a market cap of $270.06 million, a price-to-earnings ratio of -19.44 and a beta of 1.85. The firm’s 50-day moving average is $3.44 and its two-hundred day moving average is $2.56. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $35.41 million for the quarter. Expensify had a negative net margin of 11.81% and a negative return on equity of 14.72%. During the same quarter in the previous year, the company posted ($0.21) EPS. On average, equities analysts expect that Expensify, Inc. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. R Squared Ltd bought a new stake in Expensify during the fourth quarter valued at about $46,000. Exchange Traded Concepts LLC purchased a new stake in shares of Expensify during the fourth quarter valued at about $691,000. SG Americas Securities LLC bought a new stake in shares of Expensify in the 4th quarter valued at about $39,000. JPMorgan Chase & Co. grew its position in shares of Expensify by 33.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,002 shares of the company’s stock worth $314,000 after buying an additional 40,141 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Expensify by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after acquiring an additional 52,385 shares in the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXFY shares. Citigroup boosted their price objective on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research note 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.