Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 45,643 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 45,643 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $3.68, for a total transaction of $167,966.24. Following the completion of the transaction, the chief executive officer now owns 2,026,590 shares of the company’s stock, valued at approximately $7,457,851.20. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The shares were sold at an average price of $3.43, for a total value of $109,008.83.
• 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 value 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 transaction 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 transaction of $110,732.93.
• 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 value 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 Trading Down 5.5 %

Shares of NASDAQ:EXFY opened at $3.26 on Friday. The firm has a market cap of $251.54 million, a price-to-earnings ratio of -18.11 and a beta of 1.87. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The business has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $2.80.

Institutional Investors Weigh In On Expensify

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mariner LLC bought a new stake in shares of Expensify in the 4th quarter valued at approximately $34,000. Tower Research Capital LLC TRC lifted its stake in Expensify by 1,194.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock valued at $36,000 after acquiring an additional 9,997 shares during the last quarter. SG Americas Securities LLC bought a new stake in Expensify in the fourth quarter worth approximately $39,000. Alpine Global Management LLC acquired a new position in shares of Expensify during the 4th quarter worth $40,000. Finally, R Squared Ltd acquired a new position in shares of Expensify during the 4th quarter worth $46,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup increased their price target on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th.

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.