David Michael Barrett Sells 14,844 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 14,844 shares of Expensify stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $1.68, for a total value of $24,937.92. Following the transaction, the chief executive officer now owns 1,086,605 shares of the company’s stock, valued at $1,825,496.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, April 19th, David Michael Barrett sold 15,800 shares of Expensify stock. The shares were sold at an average price of $1.57, for a total value of $24,806.00.
• On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The shares were sold at an average price of $1.49, for a total value of $24,696.75.
• On Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total value of $24,753.60.
• On Thursday, April 11th, David Michael Barrett sold 16,740 shares of Expensify stock. The stock was sold at an average price of $1.48, for a total value of $24,775.20.
• On Monday, April 8th, David Michael Barrett sold 15,992 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value of $24,787.60.
• On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value of $24,776.75.
• On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total value of $24,793.44.
• On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The stock was sold at an average price of $1.75, for a total value of $23,275.00.
• On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total value of $95,151.90.
• On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The stock was sold at an average price of $1.77, for a total value of $151,742.10.

Expensify Stock Down 9.1 %

Shares of Expensify stock opened at $1.55 on Wednesday. Expensify, Inc. has a 52 week low of $1.40 and a 52 week high of $8.47. The business’s fifty day simple moving average is $1.80 and its 200-day simple moving average is $2.14. The firm has a market cap of $109.05 million, a PE ratio of -3.03 and a beta of 1.49.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The business had revenue of $35.20 million during the quarter, compared to analyst estimates of $36.85 million. During the same period last year, the company earned ($0.04) EPS. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, equities analysts expect that Expensify, Inc. will post -0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EXFY shares. Piper Sandler lowered their price objective on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Citigroup lowered their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.93.

Institutional Investors Weigh In On Expensify

Institutional investors and hedge funds have recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in shares of Expensify by 63.5% in the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock valued at $184,000 after buying an additional 21,700 shares during the period. Barclays PLC raised its holdings in shares of Expensify by 433.4% in the 3rd quarter. Barclays PLC now owns 105,759 shares of the company’s stock valued at $344,000 after buying an additional 85,931 shares during the period. Walleye Capital LLC raised its holdings in shares of Expensify by 396.1% in the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after buying an additional 570,495 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Expensify in the 3rd quarter valued at $134,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Expensify in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

About Expensify

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.