Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,666.60 in Stock

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CEO David Michael Barrett sold 16,780 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $1.47, for a total value of $24,666.60. Following the completion of the sale, the chief executive officer now directly owns 647,083 shares in the company, valued at approximately $951,212.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total value of $24,638.40.
  • 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 value of $24,566.40.
  • 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 transaction of $24,688.60.
  • 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 transaction of $25,038.60.
  • On Friday, May 24th, David Michael Barrett sold 15,030 shares of Expensify stock. The stock was sold at an average price of $1.66, for a total transaction of $24,949.80.
  • On Wednesday, May 22nd, David Michael Barrett sold 14,680 shares of Expensify stock. The shares were 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 stock was 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 stock was sold at an average price of $1.75, for a total transaction of $25,105.50.

Expensify Stock Performance

Shares of EXFY stock opened at $1.44 on Tuesday. The stock’s 50-day moving average is $1.62 and its two-hundred day moving average is $1.90. Expensify, Inc. has a 1 year low of $1.40 and a 1 year high of $8.25. The firm has a market cap of $124.55 million, a price-to-earnings ratio of -3.00 and a beta of 1.46.

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

Institutional Trading of Expensify

Several institutional investors and hedge funds have recently bought and sold shares of EXFY. FNY Investment Advisers LLC increased its stake in Expensify by 212.5% in the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after purchasing an additional 8,500 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Expensify during the third quarter worth about $35,000. Corton Capital Inc. acquired a new position in Expensify in the 3rd quarter valued at about $37,000. Hsbc Holdings PLC raised its stake in Expensify by 63.5% during the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock valued at $184,000 after acquiring an additional 21,700 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in Expensify by 93.5% during the 3rd quarter. Quantbot Technologies LP now owns 47,396 shares of the company’s stock worth $154,000 after acquiring an additional 22,897 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXFY. Morgan Stanley upgraded shares of Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th. Citigroup lowered their target price 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, Piper Sandler cut their price target on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.20.

Check Out Our Latest Stock 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.

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

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