Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 31,781 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 31,781 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $3.43, for a total value of $109,008.83. Following the transaction, the chief executive officer now directly owns 1,947,372 shares of the company’s stock, valued at approximately $6,679,485.96. The trade was a 1.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The stock was sold at an average price of $3.68, for a total transaction 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 transaction of $54,658.05.
• On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The stock was 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 value 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 stock was 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 stock was sold at an average price of $3.84, for a total value of $50,964.48.

Expensify Price Performance

Shares of NASDAQ EXFY opened at $3.45 on Friday. The business has a 50 day simple moving average of $3.56 and a 200 day simple moving average of $2.78. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13.

Hedge Funds Weigh In On Expensify

Hedge funds have recently bought and sold shares of the business. Ceera Investments LLC increased its holdings in shares of Expensify by 1.0% during the 4th quarter. Ceera Investments LLC now owns 439,330 shares of the company’s stock valued at $1,472,000 after acquiring an additional 4,330 shares during the last quarter. State of Wyoming grew its holdings in Expensify by 13.3% during the fourth quarter. State of Wyoming now owns 52,364 shares of the company’s stock valued at $175,000 after purchasing an additional 6,138 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Expensify by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 316,976 shares of the company’s stock valued at $1,062,000 after purchasing an additional 8,911 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Expensify by 1,194.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock worth $36,000 after buying an additional 9,997 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of Expensify during the 4th quarter worth $34,000. 68.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EXFY shares. Citigroup raised their price objective on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

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.