Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 58,226 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 58,226 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $2.76, for a total value of $160,703.76. Following the transaction, the chief executive officer now owns 2,508,867 shares in the company, valued at approximately $6,924,472.92. This trade represents a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Monday, September 16th, David Michael Barrett sold 11,095 shares of Expensify stock. The stock was sold at an average price of $2.28, for a total value of $25,296.60.
• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The shares were sold at an average price of $2.34, for a total transaction of $1,511,494.92.

Expensify Stock Up 3.7 %

Shares of NASDAQ:EXFY opened at $2.77 on Wednesday. The company has a market cap of $213.73 million, a price-to-earnings ratio of -15.39 and a beta of 1.51. The business has a 50 day moving average price of $2.09 and a 200 day moving average price of $1.92. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $2.99.

Institutional Investors Weigh In On Expensify

Several hedge funds have recently modified their holdings of the business. XTX Topco Ltd raised its stake in Expensify by 29.6% during the 3rd quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock valued at $135,000 after purchasing an additional 15,730 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in shares of 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 period. Dynamic Technology Lab Private Ltd raised its position in shares of Expensify by 100.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after buying an additional 22,504 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted 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 buying an additional 28,731 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Expensify during the first quarter worth about $65,000. 68.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price on the stock in a research note on Friday, August 9th.

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.