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

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 36,289 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $3.32, for a total value of $120,479.48. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at 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 shares were 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 value 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 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 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 Performance

EXFY opened at $3.50 on Friday. The company has a fifty day moving average of $3.44 and a two-hundred day moving average of $2.56. The stock has a market capitalization of $270.06 million, a price-to-earnings ratio of -19.44 and a beta of 1.85. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter. The business 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 company posted ($0.21) EPS. On average, equities research analysts forecast that Expensify, Inc. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EXFY. SG Americas Securities LLC acquired a new stake in Expensify in the 4th quarter valued at $39,000. R Squared Ltd purchased a new position in Expensify during the fourth quarter valued at $46,000. Marshall Wace LLP purchased a new stake in shares of Expensify during the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Expensify during the 2nd quarter worth about $86,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after buying an additional 22,504 shares in the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

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.