Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,778.70 in Stock

Posted by Maddie Sorensen on Jul 5th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 16,630 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $1.49, for a total value of $24,778.70. Following the transaction, the chief executive officer now owns 1,873,037 shares in the company, valued at approximately $2,790,825.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

On Monday, July 1st, David Michael Barrett sold 16,200 shares of Expensify stock. The stock was sold at an average price of $1.53, for a total transaction of $24,786.00.
On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The shares were sold at an average price of $1.51, for a total transaction of $24,613.00.
On Monday, June 24th, David Michael Barrett sold 16,860 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total transaction of $24,615.60.
On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The stock was sold at an average price of $1.32, for a total value of $24,327.60.
On Monday, June 17th, David Michael Barrett sold 11,072 shares of Expensify stock. The stock was sold at an average price of $1.34, for a total value of $14,836.48.
On Friday, June 14th, David Michael Barrett sold 17,740 shares of Expensify stock. The shares were sold at an average price of $1.38, for a total value of $24,481.20.
On Wednesday, June 12th, David Michael Barrett sold 16,970 shares of Expensify stock. The shares were sold at an average price of $1.45, for a total transaction of $24,606.50.
On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total value of $24,638.40.
On Friday, June 7th, David Michael Barrett sold 16,780 shares of Expensify stock. The shares were sold at an average price of $1.47, for a total value of $24,666.60.
On Wednesday, June 5th, David Michael Barrett sold 17,060 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total value of $24,566.40.

Expensify Price Performance

NASDAQ EXFY opened at $1.52 on Friday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $8.25. The stock has a 50 day moving average of $1.57 and a 200-day moving average of $1.78.

Expensify (NASDAQ:EXFY – Get Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The firm had revenue of $33.50 million for the quarter, compared to the consensus estimate of $35.56 million. During the same period last year, the company posted ($0.07) earnings per share. The business’s revenue was down 16.5% compared to the same quarter last year. As a group, equities analysts expect that Expensify, Inc. will post -0.11 earnings per share for the current year.

Institutional Investors Weigh In On Expensify

Several hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC increased its position in Expensify by 212.5% during the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock worth $30,000 after buying an additional 8,500 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Expensify during the 3rd quarter worth approximately $35,000. Corton Capital Inc. bought a new position in shares of Expensify during the 3rd quarter worth approximately $37,000. Azora Capital LP acquired a new position in shares of Expensify during the 4th quarter worth approximately $61,000. Finally, Mackenzie Financial Corp bought a new stake in Expensify in the 4th quarter valued at $75,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXFY has been the subject of a number of recent research reports. Citigroup reduced their price target on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. Finally, JMP Securities reiterated a “market perform” rating on shares of Expensify in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.20.

View Our Latest Analysis on EXFY

Expensify Company Profile

(Get Free Report)

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.