Expensify, Inc. (NASDAQ:EXFY) CEO Sells 12,437 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 12,437 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $1.63, for a total transaction of $20,272.31. Following the sale, the chief executive officer now owns 1,027,411 shares of the company’s stock, valued at $1,674,679.93. 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 Monday, April 29th, David Michael Barrett sold 1,500 shares of Expensify stock. The shares were sold at an average price of $1.61, for a total value of $2,415.00.
• On Wednesday, April 24th, David Michael Barrett sold 15,910 shares of Expensify stock. The stock was sold at an average price of $1.56, for a total value of $24,819.60.
• On Monday, April 22nd, David Michael Barrett sold 14,844 shares of Expensify stock. The shares were sold at an average price of $1.68, for a total value of $24,937.92.
• On Friday, April 19th, David Michael Barrett sold 15,800 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total transaction of $24,806.00.
• On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The shares were sold at an average price of $1.49, for a total transaction of $24,696.75.
• On Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total transaction of $24,753.60.
• On Thursday, April 11th, David Michael Barrett sold 16,740 shares of Expensify stock. The shares were sold at an average price of $1.48, for a total transaction of $24,775.20.
• On Monday, April 8th, David Michael Barrett sold 15,992 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total transaction of $24,787.60.
• On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The shares were sold at an average price of $1.55, for a total value of $24,776.75.
• On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total value of $24,793.44.

Expensify Stock Up 1.3 %

Shares of EXFY opened at $1.62 on Thursday. Expensify, Inc. has a 52 week low of $1.40 and a 52 week high of $8.25. The stock has a market cap of $114.34 million, a P/E ratio of -3.18 and a beta of 1.49. The business’s 50 day moving average price is $1.80 and its 200-day moving average price is $2.08.

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

Institutional Trading of Expensify

Several institutional investors have recently bought and sold shares of the company. SVB Wealth LLC lifted its stake in shares of Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after buying an additional 1,309,037 shares in the last quarter. Walleye Capital LLC increased its position in shares of Expensify by 396.1% during the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after acquiring an additional 570,495 shares in the last quarter. Palogic Value Management L.P. raised its holdings in Expensify by 33.3% in the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after acquiring an additional 200,000 shares during the last quarter. Federated Hermes Inc. lifted its position in Expensify by 57,044.0% in the 4th quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock valued at $398,000 after acquiring an additional 160,864 shares in the last quarter. Finally, Ceera Investments LLC purchased a new stake in Expensify during the 4th quarter valued at $309,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler decreased their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Citigroup reduced their price target on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.93.

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.