Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 17,060 Shares

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CEO David Michael Barrett sold 17,060 shares of Expensify stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $1.44, for a total value of $24,566.40. Following the transaction, the chief executive officer now owns 680,957 shares of the company’s stock, valued at approximately $980,578.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, June 3rd, David Michael Barrett sold 16,910 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total value of $24,688.60.
  • On Thursday, May 30th, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was 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 transaction 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 value 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 value of $25,020.45.
  • On Wednesday, May 15th, David Michael Barrett sold 14,346 shares of Expensify stock. The shares were 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 transaction of $25,081.98.
  • On Friday, May 10th, David Michael Barrett sold 14,530 shares of Expensify stock. The shares were sold at an average price of $1.73, for a total value of $25,136.90.

Expensify Stock Up 3.5 %

EXFY stock opened at $1.48 on Friday. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.25. The firm’s 50 day moving average price is $1.64 and its 200-day moving average price is $1.92.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on EXFY. 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. Citigroup dropped their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.20.

Read Our Latest Stock Report on EXFY

Institutional Investors Weigh In On Expensify

A number of hedge funds have recently bought and sold shares of the stock. SVB Wealth LLC grew its position in shares of 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. Vanguard Group Inc. grew its position 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 buying an additional 476,687 shares during the last quarter. Palogic Value Management L.P. raised 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 worth $1,976,000 after acquiring an additional 200,000 shares in the last quarter. Walleye Capital LLC lifted its position in Expensify by 396.1% in the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after acquiring an additional 570,495 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Expensify by 74.4% in the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after acquiring an additional 129,689 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

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.

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

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