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 Expensify stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $3.27, for a total value of $54,658.05. Following the transaction, the chief executive officer now directly owns 2,072,233 shares in the company, valued at approximately $6,776,201.91. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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 shares were 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 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 shares were 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 shares were 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 Up 0.9 %

Expensify stock opened at $3.33 on Friday. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13. The firm’s fifty day moving average is $3.42 and its 200 day moving average is $2.54. The company has a market cap of $256.93 million, a price-to-earnings ratio of -18.50 and a beta of 1.85.

Expensify (NASDAQ:EXFY) last announced its earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $35.41 million for the quarter. Expensify had a negative net margin of 11.81% and a negative return on equity of 14.72%. During the same quarter last year, the company earned ($0.21) EPS. On average, equities research analysts anticipate that Expensify, Inc. will post -0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expensify

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Expensify during the 4th quarter valued at $39,000. R Squared Ltd bought a new position in Expensify during the fourth quarter valued at $46,000. Marshall Wace LLP purchased a new stake in shares of Expensify in the second quarter valued at $53,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify in the 2nd quarter worth about $86,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of 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 period. 68.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXFY has been the topic of a number of research reports. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup lifted their target price on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

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.