Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 16,874 Shares of Stock

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CEO David Michael Barrett sold 16,874 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $1.46, for a total transaction of $24,636.04. Following the sale, the chief executive officer now directly owns 1,790,273 shares of the company’s stock, valued at approximately $2,613,798.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, July 5th, David Michael Barrett sold 16,660 shares of Expensify stock. The shares were sold at an average price of $1.48, for a total transaction of $24,656.80.
  • On Wednesday, July 3rd, David Michael Barrett sold 16,474 shares of Expensify stock. The stock was sold at an average price of $1.50, for a total transaction of $24,711.00.
  • On Monday, July 1st, David Michael Barrett sold 16,200 shares of Expensify stock. The shares were sold at an average price of $1.53, for a total transaction of $24,786.00.
  • On Friday, June 28th, David Michael Barrett sold 16,630 shares of Expensify stock. The stock was sold at an average price of $1.49, for a total value of $24,778.70.
  • On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The shares were sold at an average price of $1.51, for a total value of $24,613.00.
  • On Monday, June 24th, David Michael Barrett sold 16,860 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total value of $24,615.60.
  • On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The shares were sold at an average price of $1.32, for a total value of $24,327.60.
  • On Monday, June 17th, David Michael Barrett sold 11,072 shares of Expensify stock. The stock was sold at an average price of $1.34, for a total transaction of $14,836.48.
  • On Friday, June 14th, David Michael Barrett sold 17,740 shares of Expensify stock. The shares were sold at an average price of $1.38, for a total transaction of $24,481.20.
  • On Wednesday, June 12th, David Michael Barrett sold 16,970 shares of Expensify stock. The stock was sold at an average price of $1.45, for a total transaction of $24,606.50.

Expensify Stock Down 1.4 %

EXFY stock traded down $0.02 during mid-day trading on Monday, hitting $1.45. The company had a trading volume of 672,457 shares, compared to its average volume of 619,207. The company has a 50-day moving average price of $1.57 and a 200 day moving average price of $1.77. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $8.25. The company has a market capitalization of $125.41 million, a price-to-earnings ratio of -3.02 and a beta of 1.47.

Expensify (NASDAQ:EXFYGet Free Report) last issued 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). Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The firm had revenue of $33.50 million during the quarter, compared to the consensus estimate of $35.56 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. As a group, analysts expect that Expensify, Inc. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

EXFY has been the subject of several recent analyst reports. Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th. Citigroup lowered their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Finally, JMP Securities reiterated a “market perform” rating on shares of Expensify in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Expensify has a consensus rating of “Hold” and a consensus price target of $4.20.

Read Our Latest Stock Analysis on Expensify

Institutional Trading of Expensify

Several hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC grew its holdings in shares of Expensify by 212.5% in the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after purchasing an additional 8,500 shares in the last quarter. Quadrature Capital Ltd bought a new position in Expensify during the third quarter valued at $35,000. Hsbc Holdings PLC lifted its position in Expensify by 63.5% during the third 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. Azora Capital LP purchased a new position in shares of Expensify in the 4th quarter worth $61,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Expensify in the 4th quarter worth about $75,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

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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