Expensify, Inc. (NASDAQ:EXFY) CEO Sells $121,753.80 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 45,094 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $2.70, for a total transaction of $121,753.80. Following the completion of the sale, the chief executive officer now directly owns 2,463,773 shares in the company, valued at approximately $6,652,187.10. This represents a 1.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The stock was sold at an average price of $2.91, for a total value of $44,971.14.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The stock was sold at an average price of $2.76, for a total value of $160,703.76.
• On Monday, September 16th, David Michael Barrett sold 11,095 shares of Expensify stock. The shares were 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 stock was sold at an average price of $2.34, for a total transaction of $1,511,494.92.

Expensify Stock Up 7.2 %

NASDAQ EXFY opened at $3.29 on Friday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $3.34. The business has a 50 day moving average price of $2.10 and a 200-day moving average price of $1.93. The company has a market cap of $253.97 million, a price-to-earnings ratio of -18.44 and a beta of 1.51.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Expensify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXFY. Vanguard Group Inc. boosted its position in shares of Expensify by 16.6% during the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after buying an additional 476,687 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Expensify by 74.4% during the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after acquiring an additional 129,689 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Expensify during the first quarter worth $65,000. Marshall Wace LLP purchased a new position in shares of Expensify in the 2nd quarter worth about $53,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Expensify during the 2nd quarter worth approximately $86,000. 68.42% of the stock is owned by 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.