David Michael Barrett Sells 6,152 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 6,152 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $3.83, for a total transaction of $23,562.16. Following the completion of the transaction, the chief executive officer now owns 2,233,787 shares of the company’s stock, valued at approximately $8,555,404.21. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction 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 shares were sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Stock Performance

Shares of NASDAQ EXFY opened at $3.56 on Friday. The stock has a market cap of $274.68 million, a PE ratio of -19.78 and a beta of 1.90. The business has a fifty day moving average of $2.69 and a two-hundred day moving average of $2.19. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13.

Analysts Set New Price Targets

EXFY has been the topic of several analyst reports. Citigroup increased their price target on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd raised its holdings in Expensify by 29.6% during the 3rd quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after purchasing an additional 15,730 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after purchasing an additional 19,157 shares during the last quarter. 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. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Expensify by 76.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after purchasing an additional 28,731 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Expensify during the 2nd quarter worth about $53,000. 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.