Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 6,152 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 6,152 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $3.83, for a total value of $23,562.16. Following the completion of the sale, the chief executive officer now directly owns 2,233,787 shares in the company, valued at $8,555,404.21. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Expensify Price Performance

NASDAQ:EXFY opened at $3.61 on Thursday. The company has a market cap of $278.53 million, a PE ratio of -20.05 and a beta of 1.90. The firm’s 50 day simple moving average is $2.65 and its 200 day simple moving average is $2.18. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.13.

Analyst Upgrades and Downgrades

EXFY has been the subject of several research analyst reports. Citigroup upped their price target on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EXFY. Walleye Capital LLC lifted its position in shares of Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after purchasing an additional 178,911 shares during the period. Geode Capital Management LLC increased its holdings in Expensify by 11.3% in the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after purchasing an additional 52,385 shares in the last quarter. RBF Capital LLC lifted its stake in Expensify by 10.9% in the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock valued at $946,000 after buying an additional 47,389 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Expensify by 25.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after buying an additional 63,052 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Expensify during the 3rd quarter worth approximately $183,000. 68.42% of the stock is owned by institutional investors.

Expensify Company Profile

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.