Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 15,800 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,800 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $1.57, for a total value of $24,806.00. Following the transaction, the chief executive officer now directly owns 1,101,449 shares of the company’s stock, valued at $1,729,274.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, April 22nd, David Michael Barrett sold 14,844 shares of Expensify stock. The shares were sold at an average price of $1.68, for a total value of $24,937.92.
• On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The stock was sold at an average price of $1.49, for a total value of $24,696.75.
• On Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total transaction of $24,753.60.
• On Thursday, April 11th, David Michael Barrett sold 16,740 shares of Expensify stock. The stock was sold at an average price of $1.48, for a total transaction of $24,775.20.
• On Monday, April 8th, David Michael Barrett sold 15,992 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total transaction of $24,787.60.
• On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The shares were sold at an average price of $1.55, for a total transaction of $24,776.75.
• On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total value of $24,793.44.
• On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The shares were sold at an average price of $1.75, for a total value of $23,275.00.
• On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total value of $95,151.90.
• On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The shares were sold at an average price of $1.77, for a total value of $151,742.10.

Expensify Trading Up 3.7 %

Shares of EXFY stock opened at $1.70 on Tuesday. Expensify, Inc. has a 12 month low of $1.40 and a 12 month high of $8.47. The firm has a market capitalization of $119.99 million, a PE ratio of -3.33 and a beta of 1.49. The firm has a fifty day simple moving average of $1.80 and a two-hundred day simple moving average of $2.14.

Expensify (NASDAQ:EXFY) last posted its earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The business had revenue of $35.20 million for the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The company’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. On average, equities analysts predict that Expensify, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXFY. SVB Wealth LLC grew its holdings in Expensify by 63.9% during the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after buying an additional 1,309,037 shares in the last quarter. Palogic Value Management L.P. lifted its stake in Expensify by 33.3% during the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after acquiring an additional 200,000 shares in the last quarter. Walleye Capital LLC boosted its holdings in Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after acquiring an additional 570,495 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Expensify by 15.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 220,490 shares of the company’s stock worth $717,000 after acquiring an additional 29,131 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Expensify by 57,044.0% in the fourth quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock valued at $398,000 after purchasing an additional 160,864 shares during the last quarter. Institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price objective on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Expensify presently has an average rating of “Hold” and a consensus target price of $6.50.

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.