Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 11,203 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 11,203 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $2.28, for a total value of $25,542.84. Following the sale, the chief executive officer now owns 3,224,701 shares in the company, valued at $7,352,318.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, August 9th, David Michael Barrett sold 12,801 shares of Expensify stock. The stock was sold at an average price of $1.98, for a total value of $25,345.98.
• On Wednesday, August 7th, David Michael Barrett sold 16,260 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total value of $24,715.20.
• On Monday, August 5th, David Michael Barrett sold 16,330 shares of Expensify stock. The stock was sold at an average price of $1.51, for a total transaction of $24,658.30.
• On Friday, August 2nd, David Michael Barrett sold 15,475 shares of Expensify stock. The shares were sold at an average price of $1.61, for a total transaction of $24,914.75.
• On Wednesday, July 31st, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.84, for a total transaction of $2,760.00.
• On Monday, July 29th, David Michael Barrett sold 9,994 shares of Expensify stock. The shares were sold at an average price of $1.92, for a total value of $19,188.48.
• On Friday, July 26th, David Michael Barrett sold 13,140 shares of Expensify stock. The stock was sold at an average price of $1.93, for a total value of $25,360.20.
• On Wednesday, July 24th, David Michael Barrett sold 12,850 shares of Expensify stock. The shares were sold at an average price of $1.98, for a total value of $25,443.00.
• On Monday, July 22nd, David Michael Barrett sold 13,560 shares of Expensify stock. The stock was sold at an average price of $1.87, for a total value of $25,357.20.
• On Friday, July 19th, David Michael Barrett sold 13,350 shares of Expensify stock. The shares were sold at an average price of $1.89, for a total transaction of $25,231.50.

Expensify Trading Up 2.1 %

Shares of NASDAQ EXFY opened at $2.41 on Friday. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.77. The firm has a 50-day moving average of $1.73 and a two-hundred day moving average of $1.73. The company has a market capitalization of $208.45 million, a price-to-earnings ratio of -5.02 and a beta of 1.48.

Institutional Trading of Expensify

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXFY. Wealthspire Advisors LLC grew its position in Expensify by 40.7% in the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares during the last quarter. Azora Capital LP bought a new stake in shares of Expensify during the 4th quarter worth $61,000. Mackenzie Financial Corp acquired a new position in shares of Expensify in the 4th quarter worth $75,000. Quadrature Capital Ltd acquired a new stake in shares of Expensify during the first quarter worth $65,000. Finally, Marshall Wace LLP acquired a new stake in shares of Expensify during the second quarter worth $53,000. 68.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EXFY. JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price for the company in a research report on Friday, August 9th. Citigroup decreased their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Finally, Morgan Stanley raised Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $2.63.

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.