David Michael Barrett Sells 12,300 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Posted by Chris Copeland on Jul 18th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 12,300 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $2.07, for a total transaction of $25,461.00. Following the completion of the transaction, the chief executive officer now owns 1,765,703 shares in the company, valued at approximately $3,655,005.21. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

On Friday, July 12th, David Michael Barrett sold 11,550 shares of Expensify stock. The stock was sold at an average price of $2.24, for a total transaction of $25,872.00.
On Monday, July 8th, David Michael Barrett sold 16,874 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total transaction of $24,636.04.
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 transaction of $24,656.80.
On Wednesday, July 3rd, David Michael Barrett sold 16,474 shares of Expensify stock. The shares were sold at an average price of $1.50, for a total transaction of $24,711.00.
On Monday, July 1st, David Michael Barrett sold 16,200 shares of Expensify stock. The shares were sold at an average price of $1.53, for a total transaction of $24,786.00.
On Friday, June 28th, David Michael Barrett sold 16,630 shares of Expensify stock. The shares were sold at an average price of $1.49, for a total transaction of $24,778.70.
On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The shares were sold at an average price of $1.51, for a total transaction of $24,613.00.
On Monday, June 24th, David Michael Barrett sold 16,860 shares of Expensify stock. The shares were sold at an average price of $1.46, for a total transaction of $24,615.60.
On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The shares were sold at an average price of $1.32, for a total transaction of $24,327.60.
On Monday, June 17th, David Michael Barrett sold 11,072 shares of Expensify stock. The shares were sold at an average price of $1.34, for a total transaction of $14,836.48.

Expensify Price Performance

NASDAQ EXFY opened at $2.10 on Thursday. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $8.15. The firm has a market cap of $181.63 million, a price-to-earnings ratio of -4.38 and a beta of 1.47. The company has a fifty day moving average price of $1.62 and a 200-day moving average price of $1.75.

Expensify (NASDAQ:EXFY – Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The company had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. Expensify’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. On average, research analysts anticipate that Expensify, Inc. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on EXFY shares. JMP Securities restated a “market perform” rating on shares of Expensify in a research note on Friday, June 14th. Morgan Stanley upgraded shares of Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Citigroup decreased their price target on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.20.

Read Our Latest Stock Report on EXFY

Hedge Funds Weigh In On Expensify

A number of hedge funds and other institutional investors have recently made changes to their positions in EXFY. Quadrature Capital Ltd purchased a new stake in Expensify during the first quarter valued at about $65,000. Acadian Asset Management LLC lifted its holdings in Expensify by 74.4% during the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after purchasing an additional 129,689 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Expensify by 16.6% during the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares during the last quarter. Palogic Value Management L.P. lifted its holdings in Expensify by 33.3% during the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Azora Capital LP purchased a new stake in Expensify during the fourth quarter valued at about $61,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

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.