David Michael Barrett Sells 16,715 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,715 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $3.27, for a total value of $54,658.05. Following the completion of the sale, the chief executive officer now directly owns 2,072,233 shares in the company, valued at $6,776,201.91. This 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 can be accessed through the SEC website.

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 transaction 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 stock was sold at an average price of $3.50, for a total transaction of $105,000.00.
• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The shares were 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 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 value 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 value 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 Stock Up 5.1 %

NASDAQ:EXFY opened at $3.50 on Friday. The business’s 50-day moving average price is $3.44 and its 200 day moving average price is $2.55. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13. The firm has a market cap of $270.06 million, a P/E ratio of -19.44 and a beta of 1.85.

Expensify (NASDAQ:EXFY) last released its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter. The business had revenue of $35.41 million during the quarter. Expensify had a negative return on equity of 14.72% and a negative net margin of 11.81%. During the same quarter in the prior year, the firm earned ($0.21) EPS. Sell-side analysts expect that Expensify, Inc. will post -0.07 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on EXFY. JMP Securities cut shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup raised their price objective on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

Institutional Investors Weigh In On Expensify

A number of institutional investors and hedge funds have recently modified their holdings of EXFY. SG Americas Securities LLC acquired a new position in shares of Expensify in the 4th quarter worth $39,000. R Squared Ltd purchased a new position in Expensify in the 4th quarter worth about $46,000. Marshall Wace LLP acquired a new stake in Expensify during the 2nd quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Expensify during the second quarter valued at about $86,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Expensify by 100.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after buying an additional 22,504 shares during the period. Institutional investors and hedge funds own 68.42% of the company’s stock.

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.