David Michael Barrett Sells 16,715 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,715 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $3.27, for a total value of $54,658.05. Following the transaction, the chief executive officer now owns 2,072,233 shares of the company’s stock, valued at approximately $6,776,201.91. This represents a 0.80 % decrease in their position. 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 Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The stock was sold at an average price of $3.32, for a total transaction of $120,479.48.
• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The stock was sold at an average price of $3.41, for a total transaction of $110,732.93.
• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $3.50, for a total transaction of $105,000.00.
• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The stock was sold at an average price of $3.83, for a total value of $23,562.16.
• On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The shares were sold at an average price of $3.84, for a total transaction of $50,964.48.
• 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 Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The stock was sold at an average price of $2.70, for a total value of $121,753.80.
• 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.

Expensify Stock Up 0.9 %

NASDAQ:EXFY traded up $0.03 on Thursday, hitting $3.33. The stock had a trading volume of 205,112 shares, compared to its average volume of 321,265. The business’s 50-day simple moving average is $3.41 and its two-hundred day simple moving average is $2.53. The stock has a market cap of $256.94 million, a price-to-earnings ratio of -18.50 and a beta of 1.85. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13.

Expensify (NASDAQ:EXFY) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $35.41 million during the quarter. Expensify had a negative return on equity of 14.72% and a negative net margin of 11.81%. During the same quarter last year, the firm posted ($0.21) earnings per share. As a group, equities research analysts anticipate that Expensify, Inc. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on EXFY shares. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th. Citigroup increased their price target on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Expensify in the 4th quarter worth $39,000. R Squared Ltd purchased a new stake in Expensify in the fourth quarter worth about $46,000. Marshall Wace LLP bought a new position in shares of Expensify in the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Expensify during the 2nd quarter valued at about $86,000. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after acquiring an additional 22,504 shares during the period. 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.