Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 16,575 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,575 shares of Expensify stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $1.49, for a total value of $24,696.75. Following the completion of the sale, the chief executive officer now owns 1,132,249 shares in the company, valued at $1,687,051.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 value 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 value 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 value of $24,787.60.
• On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value 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 stock was 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 stock was sold at an average price of $1.77, for a total value of $151,742.10.
• On Friday, March 22nd, David Michael Barrett sold 83,289 shares of Expensify stock. The stock was sold at an average price of $1.82, for a total value of $151,585.98.
• On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The shares were sold at an average price of $1.91, for a total value of $22,207.57.

Expensify Stock Performance

EXFY opened at $1.64 on Friday. The stock has a market capitalization of $115.75 million, a PE ratio of -3.22 and a beta of 1.49. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.64. The business’s 50 day moving average price is $1.81 and its 200 day moving average price is $2.16.

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

Institutional Trading of Expensify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Expensify by 2.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 46,958 shares of the company’s stock valued at $825,000 after purchasing an additional 1,123 shares during the period. Royal Bank of Canada raised its position in Expensify by 117.8% in the third quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after purchasing an additional 1,178 shares during the period. Goldman Sachs Group Inc. raised its position in Expensify by 1.8% in the first quarter. Goldman Sachs Group Inc. now owns 72,991 shares of the company’s stock valued at $1,282,000 after purchasing an additional 1,297 shares during the period. UBS Group AG purchased a new stake in shares of Expensify during the third quarter worth $56,000. Finally, State of Wyoming increased its position in shares of Expensify by 63.5% during the second quarter. State of Wyoming now owns 11,072 shares of the company’s stock worth $88,000 after acquiring an additional 4,302 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler decreased their price objective on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $6.50.

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.