Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 16,874 Shares

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CEO David Michael Barrett sold 16,874 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $1.46, for a total value of $24,636.04. Following the completion of the sale, the chief executive officer now directly owns 1,790,273 shares in the company, valued at approximately $2,613,798.58. The transaction was disclosed in a document filed 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 stock was sold at an average price of $1.48, for a total value 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 value of $24,711.00.
  • On Monday, July 1st, David Michael Barrett sold 16,200 shares of Expensify stock. The stock was sold at an average price of $1.53, for a total value 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 stock was 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 stock was 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 value of $14,836.48.
  • On Friday, June 14th, David Michael Barrett sold 17,740 shares of Expensify stock. The stock was sold at an average price of $1.38, for a total value 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 value of $24,606.50.

Expensify Stock Performance

Shares of EXFY opened at $1.91 on Thursday. The stock has a fifty day moving average price of $1.58 and a two-hundred day moving average price of $1.76. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $8.25. The company has a market cap of $165.20 million, a price-to-earnings ratio of -3.98 and a beta of 1.47.

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

Analyst Upgrades and Downgrades

EXFY has been the subject of several analyst reports. Citigroup cut their target price on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Morgan Stanley upgraded Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. Finally, JMP Securities restated 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 given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.20.

Check Out Our Latest Stock Report on Expensify

Institutional Investors Weigh In On Expensify

Institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC raised its position in shares of Expensify by 63.5% during the third quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock worth $184,000 after acquiring an additional 21,700 shares during the last quarter. Walleye Capital LLC raised its position in shares of Expensify by 396.1% during the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after acquiring an additional 570,495 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Expensify during the third quarter worth $35,000. Citigroup Inc. raised its position in shares of Expensify by 186.5% during the third quarter. Citigroup Inc. now owns 49,589 shares of the company’s stock worth $161,000 after acquiring an additional 32,279 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of Expensify during the fourth quarter worth $75,000. Institutional investors own 68.42% of the company’s stock.

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.

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Insider Buying and Selling by Quarter for Expensify (NASDAQ:EXFY)

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