Expensify, Inc. (NASDAQ:EXFY) CEO Sells $54,658.05 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,715 shares of the business’s 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 sale, the chief executive officer now directly owns 2,072,233 shares in the company, valued at approximately $6,776,201.91. This trade represents a 0.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 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 shares were 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 value 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 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 transaction of $50,964.48.
• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The stock was 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 stock was sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Price Performance

Expensify stock opened at $3.50 on Friday. The company’s 50-day moving average is $3.44 and its 200-day moving average is $2.56. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13. The firm has a market capitalization of $270.06 million, a PE ratio of -19.44 and a beta of 1.85.

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

Institutional Investors Weigh In On Expensify

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Expensify during the fourth quarter worth about $39,000. R Squared Ltd bought a new stake in Expensify in the 4th quarter valued at about $46,000. Marshall Wace LLP bought a new position in shares of Expensify in the second quarter valued at $53,000. Dynamic Technology Lab Private Ltd increased its holdings in Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after purchasing an additional 22,504 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Expensify during the second quarter valued at about $86,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on EXFY shares. Citigroup boosted their price target 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 shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

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.