Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 27,331 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 27,331 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $3.36, for a total transaction of $91,832.16. Following the transaction, the chief executive officer now directly owns 1,889,948 shares in the company, valued at approximately $6,350,225.28. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, March 19th, David Michael Barrett sold 37,001 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total transaction of $120,993.27.
• On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The stock was sold at an average price of $3.43, for a total value of $109,008.83.
• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The shares were sold at an average price of $3.68, for a total value of $167,966.24.
• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The stock was sold at an average price of $3.27, for a total value of $54,658.05.
• 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 value 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.

Expensify Trading Down 2.7 %

NASDAQ EXFY traded down $0.09 during trading on Wednesday, hitting $3.29. The company had a trading volume of 392,950 shares, compared to its average volume of 665,517. The company’s fifty day moving average is $3.51 and its 200-day moving average is $2.96. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.13. The company has a market cap of $261.58 million, a price-to-earnings ratio of -18.28 and a beta of 1.83.

Expensify announced that its Board of Directors has approved a stock buyback program on Thursday, February 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 20.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

EXFY has been the topic of a number of analyst reports. JMP Securities cut shares of Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th. Lake Street Capital boosted their price target on Expensify from $3.00 to $5.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Citigroup increased their price objective on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

Institutional Trading of Expensify

Several large investors have recently bought and sold shares of EXFY. Jefferies Financial Group Inc. lifted its stake in shares of Expensify by 33.3% in the 4th quarter. Jefferies Financial Group Inc. now owns 59,722 shares of the company’s stock valued at $200,000 after purchasing an additional 14,922 shares during the period. Alpine Global Management LLC bought a new position in Expensify in the fourth quarter worth $40,000. Two Sigma Advisers LP lifted its position in Expensify by 25.9% during the fourth quarter. Two Sigma Advisers LP now owns 606,800 shares of the company’s stock valued at $2,033,000 after buying an additional 124,800 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Expensify by 4.8% during the 4th quarter. Two Sigma Investments LP now owns 779,341 shares of the company’s stock valued at $2,611,000 after buying an additional 36,049 shares in the last quarter. Finally, State of Wyoming grew its position in shares of Expensify by 13.3% in the 4th quarter. State of Wyoming now owns 52,364 shares of the company’s stock worth $175,000 after buying an additional 6,138 shares during the period. 68.42% of the stock is owned by institutional investors.

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.