Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 15,910 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,910 shares of Expensify stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1.56, for a total transaction of $24,819.60. Following the completion of the transaction, the chief executive officer now owns 1,055,448 shares in the company, valued at approximately $1,646,498.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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 stock was sold at an average price of $1.68, for a total transaction of $24,937.92.
• On Friday, April 19th, David Michael Barrett sold 15,800 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total transaction of $24,806.00.
• 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 transaction of $24,696.75.
• On Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The stock was 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 shares were sold at an average price of $1.57, for a total transaction 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 transaction of $23,275.00.
• On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total transaction of $95,151.90.

Expensify Price Performance

Shares of NASDAQ EXFY opened at $1.63 on Friday. Expensify, Inc. has a 1 year low of $1.40 and a 1 year high of $8.25. The company’s 50-day moving average is $1.80 and its 200 day moving average is $2.11. The stock has a market capitalization of $115.05 million, a P/E ratio of -3.20 and a beta of 1.49.

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

Institutional Investors Weigh In On Expensify

Hedge funds have recently bought and sold shares of the business. FNY Investment Advisers LLC boosted its stake in Expensify by 212.5% during the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock worth $30,000 after acquiring an additional 8,500 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Expensify during the third quarter worth about $35,000. Corton Capital Inc. bought a new stake in Expensify during the third quarter worth about $37,000. SG Americas Securities LLC bought a new stake in Expensify during the third quarter worth about $51,000. Finally, Azora Capital LP bought a new stake in Expensify during the fourth quarter worth about $61,000. Institutional investors own 68.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on EXFY shares. Piper Sandler decreased their price objective on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Citigroup decreased their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.93.

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.