Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 15,910 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,910 shares of Expensify stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1.56, for a total transaction of $24,819.60. Following the completion of the sale, the chief executive officer now owns 1,055,448 shares of the company’s stock, valued at approximately $1,646,498.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $24,937.92.
• 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 transaction 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 shares were 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 shares were sold at an average price of $1.55, for a total transaction 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 transaction of $24,793.44.
• On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The shares were 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.

Expensify Stock Performance

Expensify stock opened at $1.63 on Friday. Expensify, Inc. has a 1 year low of $1.40 and a 1 year high of $8.25. The firm’s 50 day moving average price is $1.80 and its two-hundred day moving average price is $2.12. The firm has a market cap of $115.05 million, a price-to-earnings ratio of -3.20 and a beta of 1.49.

Expensify (NASDAQ:EXFY) last announced 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). Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The company had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $36.85 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, equities analysts predict that Expensify, Inc. will post -0.19 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Expensify

Hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its stake in Expensify by 212.5% during the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after acquiring an additional 8,500 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Expensify in the third quarter worth approximately $35,000. Corton Capital Inc. acquired a new stake in shares of Expensify during the third quarter worth approximately $37,000. SG Americas Securities LLC acquired a new position in Expensify in the 3rd quarter valued at approximately $51,000. Finally, Azora Capital LP purchased a new stake in Expensify in the 4th quarter worth approximately $61,000. 68.42% of the stock is owned by hedge funds and other 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.