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

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 36,289 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $3.32, for a total transaction of $120,479.48. Following the sale, the chief executive officer now directly owns 2,110,914 shares in the company, valued at $7,008,234.48. This trade represents a 1.69 % decrease in their ownership of the stock. The transaction 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 stock was 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 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 transaction of $23,562.16.
• On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The shares were sold at an average price of $3.84, for a total transaction 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 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 shares were sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Price Performance

Shares of NASDAQ EXFY opened at $3.50 on Friday. The company has a 50 day simple moving average of $3.44 and a 200 day simple moving average of $2.55. The firm has a market cap of $270.06 million, a PE ratio of -19.44 and a beta of 1.85. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. Expensify had a negative net margin of 11.81% and a negative return on equity of 14.72%. The business had revenue of $35.41 million during the quarter. During the same period in the previous year, the business posted ($0.21) EPS. As a group, research analysts anticipate that Expensify, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Expensify during the 4th quarter worth approximately $39,000. R Squared Ltd bought a new position in Expensify during the 4th quarter worth approximately $46,000. Marshall Wace LLP bought a new position in Expensify during the 2nd quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Expensify during the 2nd quarter worth approximately $86,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in 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 last quarter. Institutional investors own 68.42% of the company’s stock.

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.