David Michael Barrett Sells 36,289 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 36,289 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $3.32, for a total transaction of $120,479.48. Following the sale, the chief executive officer now directly owns 2,110,914 shares of the company’s stock, valued at approximately $7,008,234.48. This represents a 1.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total transaction of $54,658.05.
• 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 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 stock was sold at an average price of $3.83, for a total transaction of $23,562.16.
• On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The shares were sold at an average price of $3.84, for a total transaction of $50,964.48.
• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The stock was 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 stock was sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Stock Performance

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

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

Analyst Ratings Changes

EXFY has been the subject of a number of analyst reports. JMP Securities cut shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup boosted their price objective on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Expensify in the fourth quarter valued at approximately $39,000. R Squared Ltd bought a new stake in shares of Expensify in the fourth quarter worth $46,000. Marshall Wace LLP bought a new stake in shares of Expensify in the second quarter worth $53,000. Dynamic Technology Lab Private Ltd lifted its position 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 purchasing an additional 22,504 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify in the second quarter worth $86,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

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.