Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 58,226 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 58,226 shares of Expensify stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $2.76, for a total transaction of $160,703.76. Following the completion of the transaction, the chief executive officer now directly owns 2,508,867 shares in the company, valued at $6,924,472.92. This represents a 2.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $121,753.80.
• 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 value of $1,511,494.92.

Expensify Trading Up 3.7 %

Shares of NASDAQ EXFY opened at $2.77 on Wednesday. The firm has a market capitalization of $213.73 million, a PE ratio of -15.39 and a beta of 1.51. Expensify, Inc. has a one year low of $1.24 and a one year high of $2.99. The business has a 50-day moving average price of $2.09 and a two-hundred day moving average price of $1.92.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new position in shares of Expensify in the first quarter worth $65,000. Marshall Wace LLP acquired a new position in Expensify in the 2nd quarter worth about $53,000. Dynamic Technology Lab Private Ltd raised 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 worth $88,000 after purchasing an additional 22,504 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Expensify during the 2nd quarter valued at about $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Expensify by 76.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after buying an additional 28,731 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

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

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.