Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 16,970 Shares

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CEO David Michael Barrett sold 16,970 shares of Expensify stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $1.45, for a total value of $24,606.50. Following the sale, the chief executive officer now directly owns 595,507 shares of the company’s stock, valued at approximately $863,485.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total value of $24,638.40.
  • On Friday, June 7th, David Michael Barrett sold 16,780 shares of Expensify stock. The stock was sold at an average price of $1.47, for a total value of $24,666.60.
  • On Wednesday, June 5th, David Michael Barrett sold 17,060 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total transaction of $24,566.40.
  • On Monday, June 3rd, David Michael Barrett sold 16,910 shares of Expensify stock. The shares were sold at an average price of $1.46, for a total transaction of $24,688.60.
  • On Thursday, May 30th, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.63, for a total transaction of $2,445.00.
  • On Tuesday, May 28th, David Michael Barrett sold 14,390 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total transaction of $25,038.60.
  • On Friday, May 24th, David Michael Barrett sold 15,030 shares of Expensify stock. The stock was sold at an average price of $1.66, for a total value of $24,949.80.
  • On Wednesday, May 22nd, David Michael Barrett sold 14,680 shares of Expensify stock. The shares were sold at an average price of $1.70, for a total value of $24,956.00.
  • On Monday, May 20th, David Michael Barrett sold 14,643 shares of Expensify stock. The stock was sold at an average price of $1.70, for a total value of $24,893.10.
  • On Friday, May 17th, David Michael Barrett sold 14,805 shares of Expensify stock. The shares were sold at an average price of $1.69, for a total value of $25,020.45.

Expensify Price Performance

Expensify stock opened at $1.40 on Friday. The company’s fifty day moving average price is $1.60 and its 200 day moving average price is $1.87. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $8.25.

Expensify (NASDAQ:EXFYGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $33.50 million during the quarter, compared to analyst estimates of $35.56 million. Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) EPS. On average, sell-side analysts predict that Expensify, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expensify

Several institutional investors have recently bought and sold shares of EXFY. FNY Investment Advisers LLC raised its holdings in shares of Expensify by 212.5% during the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after acquiring an additional 8,500 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Expensify during the third quarter worth approximately $35,000. Corton Capital Inc. acquired a new position in Expensify in the 3rd quarter valued at $37,000. Hsbc Holdings PLC raised its stake in Expensify by 63.5% in the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock valued at $184,000 after purchasing an additional 21,700 shares during the last quarter. Finally, Azora Capital LP purchased a new position in Expensify in the 4th quarter valued at $61,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Citigroup dropped their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Morgan Stanley upgraded shares of Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. JMP Securities reaffirmed a “market perform” rating on shares of Expensify in a report on Friday. Finally, Piper Sandler lowered their target price on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.20.

View Our Latest Stock Report on Expensify

Expensify Company Profile

(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.

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

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