Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,914.75 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,475 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $1.61, for a total value of $24,914.75. Following the completion of the transaction, the chief executive officer now owns 3,313,645 shares in the company, valued at $5,334,968.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were 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 stock was 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 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 stock was sold at an average price of $1.92, for a total transaction 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 shares were 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 stock was sold at an average price of $1.89, for a total transaction of $25,231.50.
• On Wednesday, July 17th, David Michael Barrett sold 12,385 shares of Expensify stock. The stock was sold at an average price of $2.07, for a total transaction of $25,636.95.

Expensify Trading Up 36.4 %

Shares of EXFY stock opened at $2.10 on Friday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.85. The company has a market cap of $181.64 million, a P/E ratio of -4.38 and a beta of 1.48. The firm has a fifty day moving average price of $1.66 and a 200 day moving average price of $1.72.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The business had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The company’s revenue was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, equities analysts forecast that Expensify, Inc. will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Expensify

Several hedge funds have recently added to or reduced their stakes in EXFY. Mackenzie Financial Corp acquired a new position in shares of Expensify in the 4th quarter valued at $75,000. SVB Wealth LLC lifted its position in Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock valued at $8,297,000 after acquiring an additional 1,309,037 shares during the last quarter. Federated Hermes Inc. boosted its stake in Expensify by 57,044.0% in the fourth quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock valued at $398,000 after acquiring an additional 160,864 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in shares of Expensify during the fourth quarter worth about $116,000. Finally, Ceera Investments LLC acquired a new stake in shares of Expensify during the fourth quarter worth about $309,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.