Expensify, Inc. (NASDAQ:EXFY) CEO Sells $120,993.27 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 37,001 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $3.27, for a total value of $120,993.27. Following the completion of the transaction, the chief executive officer now directly owns 1,808,231 shares in the company, valued at $5,912,915.37. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, March 17th, David Michael Barrett sold 27,331 shares of Expensify stock. The stock was sold at an average price of $3.36, for a total value of $91,832.16.
• On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The stock was sold at an average price of $3.43, for a total value of $109,008.83.
• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The stock was sold at an average price of $3.68, for a total value of $167,966.24.
• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The stock was sold at an average price of $3.27, for a total value of $54,658.05.
• 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 stock was sold at an average price of $3.41, for a total value 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 value of $105,000.00.

Expensify Stock Down 2.7 %

EXFY stock opened at $3.29 on Thursday. The business has a 50 day moving average price of $3.51 and a two-hundred day moving average price of $2.96. The company has a market cap of $261.58 million, a price-to-earnings ratio of -18.28 and a beta of 1.83. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.13.

Expensify declared that its board has authorized a share buyback plan on Thursday, February 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 20.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts recently issued reports on EXFY shares. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Lake Street Capital increased their price objective on Expensify from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Citigroup increased their price objective on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

Institutional Trading of Expensify

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Expensify during the 3rd quarter worth approximately $183,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Expensify by 76.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after purchasing an additional 28,731 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 purchasing an additional 63,052 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted 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 during the last quarter. Finally, Walleye Capital LLC lifted its holdings in Expensify by 42.1% during 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 last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

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.