David Michael Barrett Sells 16,910 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CEO David Michael Barrett sold 16,910 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $1.46, for a total transaction of $24,688.60. Following the completion of the sale, the chief executive officer now owns 714,862 shares in the company, valued at approximately $1,043,698.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, June 5th, David Michael Barrett sold 17,060 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total transaction of $24,566.40.
  • On Thursday, May 30th, David Michael Barrett sold 1,500 shares of Expensify stock. The shares were sold at an average price of $1.63, for a total transaction of $2,445.00.
  • On Tuesday, May 28th, David Michael Barrett sold 14,390 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total value of $25,038.60.
  • On Friday, May 24th, David Michael Barrett sold 15,030 shares of Expensify stock. The shares were sold at an average price of $1.66, for a total value of $24,949.80.
  • On Wednesday, May 22nd, David Michael Barrett sold 14,680 shares of Expensify stock. The stock was sold at an average price of $1.70, for a total value of $24,956.00.
  • On Monday, May 20th, David Michael Barrett sold 14,643 shares of Expensify stock. The shares were sold at an average price of $1.70, for a total transaction of $24,893.10.
  • On Friday, May 17th, David Michael Barrett sold 14,805 shares of Expensify stock. The shares were sold at an average price of $1.69, for a total transaction of $25,020.45.
  • On Wednesday, May 15th, David Michael Barrett sold 14,346 shares of Expensify stock. The stock was sold at an average price of $1.75, for a total transaction of $25,105.50.
  • On Monday, May 13th, David Michael Barrett sold 14,091 shares of Expensify stock. The shares were sold at an average price of $1.78, for a total value of $25,081.98.
  • On Friday, May 10th, David Michael Barrett sold 14,530 shares of Expensify stock. The stock was sold at an average price of $1.73, for a total value of $25,136.90.

Expensify Stock Performance

Shares of EXFY stock opened at $1.48 on Friday. The stock’s fifty day moving average is $1.64 and its 200-day moving average is $1.92. Expensify, Inc. has a 52 week low of $1.40 and a 52 week high of $8.25.

Expensify (NASDAQ:EXFYGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The company had revenue of $33.50 million during the quarter, compared to analyst estimates of $35.56 million. During the same quarter in the previous year, the business posted ($0.07) EPS. The company’s revenue was down 16.5% compared to the same quarter last year. As a group, analysts predict that Expensify, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expensify

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SVB Wealth LLC boosted its holdings in Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock valued at $8,297,000 after acquiring an additional 1,309,037 shares during the last quarter. Walleye Capital LLC lifted its position in Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after purchasing an additional 570,495 shares during the period. Vanguard Group Inc. boosted its stake in shares of Expensify by 16.6% in the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares during the last quarter. Palogic Value Management L.P. grew its position in shares of Expensify by 33.3% during the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after buying an additional 200,000 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of Expensify by 57,044.0% during the fourth quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock worth $398,000 after buying an additional 160,864 shares during the last quarter. Institutional investors own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXFY. Piper Sandler lowered their price target on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th. Finally, Citigroup cut their price target on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.20.

Read Our Latest Analysis on EXFY

About Expensify

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Expensify (NASDAQ:EXFY)

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