Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,806.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,800 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $1.57, for a total value of $24,806.00. Following the sale, the chief executive officer now directly owns 1,101,449 shares of the company’s stock, valued at approximately $1,729,274.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, April 22nd, David Michael Barrett sold 14,844 shares of Expensify stock. The stock was sold at an average price of $1.68, for a total value of $24,937.92.
• On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The stock was 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 transaction 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 transaction 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 transaction of $151,742.10.

Expensify Price Performance

Shares of EXFY stock opened at $1.55 on Wednesday. The stock has a market cap of $109.05 million, a P/E ratio of -3.03 and a beta of 1.49. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.47. The stock has a fifty day moving average price of $1.80 and a 200 day moving average price of $2.14.

Expensify (NASDAQ:EXFY) last issued its 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). The firm had revenue of $35.20 million during the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The firm’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share. Equities research analysts anticipate that Expensify, Inc. will post -0.19 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Palogic Value Management L.P. lifted its holdings in shares of Expensify by 33.3% during the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after acquiring an additional 200,000 shares during the period. Azora Capital LP bought a new position in shares of Expensify during the fourth quarter valued at $61,000. CastleKnight Management LP raised its holdings in shares of Expensify by 79.5% in the fourth quarter. CastleKnight Management LP now owns 131,200 shares of the company’s stock valued at $324,000 after buying an additional 58,100 shares during the last quarter. Aristides Capital LLC bought a new position in shares of Expensify in the fourth quarter valued at about $134,000. Finally, Ceera Investments LLC bought a new position in shares of Expensify in the fourth quarter valued at about $309,000. 68.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXFY. Piper Sandler lowered their price objective on shares of 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 shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.93.

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.