Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells $50,964.48 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 13,272 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.84, for a total value of $50,964.48. Following the sale, the chief executive officer now directly owns 1,207,675 shares in the company, valued at approximately $4,637,472. This represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 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 Performance

EXFY opened at $3.60 on Friday. The stock has a 50-day moving average of $2.72 and a 200-day moving average of $2.19. The company has a market cap of $277.76 million, a PE ratio of -20.00 and a beta of 1.90. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup raised their price target on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, December 16th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Walleye Capital LLC increased its position in Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after buying an additional 178,911 shares during the period. Marshall Wace LLP bought a new position in Expensify during the second quarter worth $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Expensify during the 2nd quarter valued at $86,000. Charles Schwab Investment Management Inc. boosted its holdings in Expensify by 25.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after purchasing an additional 63,052 shares during the period. Finally, Wealthspire Advisors LLC boosted its holdings in Expensify by 40.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after purchasing an additional 19,157 shares during the period. 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.