Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 15,792 Shares

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CEO David Michael Barrett sold 15,792 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $1.57, for a total transaction of $24,793.44. Following the sale, the chief executive officer now owns 1,279,828 shares in the company, valued at approximately $2,009,329.96. 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 Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The shares were sold at an average price of $1.75, for a total transaction of $23,275.00.
  • On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total transaction of $95,151.90.
  • On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The shares were sold at an average price of $1.77, for a total transaction of $151,742.10.
  • On Friday, March 22nd, David Michael Barrett sold 83,289 shares of Expensify stock. The shares were sold at an average price of $1.82, for a total transaction of $151,585.98.
  • On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The shares were sold at an average price of $1.91, for a total transaction of $22,207.57.
  • On Monday, March 18th, David Michael Barrett sold 81,301 shares of Expensify stock. The stock was sold at an average price of $1.86, for a total transaction of $151,219.86.
  • On Friday, March 15th, David Michael Barrett sold 80,082 shares of Expensify stock. The stock was sold at an average price of $1.97, for a total transaction of $157,761.54.
  • On Monday, March 11th, David Michael Barrett sold 7,311 shares of Expensify stock. The stock was sold at an average price of $2.14, for a total transaction of $15,645.54.

Expensify Stock Up 3.8 %

Shares of EXFY stock opened at $1.62 on Thursday. The firm’s 50-day moving average is $1.84 and its two-hundred day moving average is $2.30. Expensify, Inc. has a 12 month low of $1.50 and a 12 month high of $8.69.

Expensify (NASDAQ:EXFYGet Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. Expensify’s revenue was down 19.1% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. As a group, equities analysts predict that Expensify, Inc. will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Expensify

A number of institutional investors and hedge funds have recently made changes to their positions in EXFY. BlackRock Inc. increased its stake in Expensify by 287.3% during the 2nd quarter. BlackRock Inc. now owns 4,116,270 shares of the company’s stock worth $32,848,000 after buying an additional 3,053,582 shares during the period. Vanguard Group Inc. increased its stake in Expensify by 58.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,866,629 shares of the company’s stock worth $57,536,000 after buying an additional 1,431,326 shares during the period. SVB Wealth LLC grew its holdings in Expensify by 63.9% during the 4th quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after acquiring an additional 1,309,037 shares in the last quarter. State Street Corp grew its holdings in Expensify by 252.3% during the 2nd quarter. State Street Corp now owns 1,118,721 shares of the company’s stock worth $8,927,000 after acquiring an additional 801,183 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Expensify by 135.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,015,984 shares of the company’s stock worth $8,108,000 after acquiring an additional 584,734 shares in the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Piper Sandler lowered their price target on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Expensify presently has a consensus rating of “Hold” and an average target price of $6.50.

Check Out Our Latest Stock Report on Expensify

About Expensify

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Expensify (NASDAQ:EXFY)

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