Expensify, Inc. (NASDAQ:EXFY) CEO Sells $110,732.93 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 32,473 shares of Expensify stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $3.41, for a total transaction of $110,732.93. Following the sale, the chief executive officer now owns 2,147,203 shares of the company’s stock, valued at approximately $7,321,962.23. This represents a 1.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was 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 stock was sold at an average price of $2.91, for a total value 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 value of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The stock was sold at an average price of $2.76, for a total value of $160,703.76.

Expensify Trading Up 1.5 %

Shares of NASDAQ EXFY opened at $3.40 on Monday. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $4.13. The company has a market cap of $262.34 million, a price-to-earnings ratio of -18.89 and a beta of 1.85. The stock’s 50 day simple moving average is $3.38 and its 200 day simple moving average is $2.50.

Analyst Ratings Changes

Several equities analysts recently issued reports 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 note 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.

Institutional Investors Weigh In On Expensify

A number of hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Expensify during the fourth quarter worth about $39,000. Marshall Wace LLP bought a new stake in Expensify in the 2nd quarter valued at about $53,000. Dynamic Technology Lab Private Ltd boosted its stake in Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after purchasing an additional 22,504 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Expensify in the 2nd quarter worth about $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after purchasing an additional 28,731 shares during the period. 68.42% of the stock is currently 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.