David Michael Barrett Sells 31,781 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 31,781 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $3.43, for a total transaction of $109,008.83. Following the completion of the sale, the chief executive officer now owns 1,947,372 shares in the company, valued at $6,679,485.96. This represents a 1.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The stock was sold at an average price of $3.68, for a total value of $167,966.24.
• 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 Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The stock was sold at an average price of $3.32, for a total value 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 shares were 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 stock was sold at an average price of $3.83, for a total transaction 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.

Expensify Trading Down 3.4 %

Shares of NASDAQ:EXFY opened at $3.45 on Friday. The company has a 50 day moving average of $3.56 and a 200-day moving average of $2.78. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.13.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new position in shares of Expensify in the 4th quarter valued at $691,000. Walleye Capital LLC grew its stake in Expensify by 42.1% in the third quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after acquiring an additional 178,911 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 acquiring an additional 52,385 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Expensify during the 4th quarter valued at about $39,000. Finally, R Squared Ltd acquired a new position in shares of Expensify in the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup boosted their price objective 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 lowered shares of 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.