David Michael Barrett Sells 10,262 Shares of Expensify (NASDAQ:EXFY) Stock

Key Points

• CEO David Michael Barrett sold 10,262 shares of Expensify stock at an average price of $1.95, bringing his total ownership down to 208,399 shares, valued at approximately $406,378.05.
• Expensify's stock is currently trading around $1.93, with a fifty-two week low of $1.60 and a high of $4.13, indicating significant volatility.
• Recent analyst ratings for Expensify show a shift, with reports indicating an upgrade to "buy" from a previous "hold", although some firms have reduced their price targets.

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 10,262 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $1.95, for a total value of $20,010.90. Following the completion of the sale, the chief executive officer owned 208,399 shares of the company's stock, valued at approximately $406,378.05. This trade represents a 4.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Tuesday, September 16th, David Michael Barrett sold 2,396 shares of Expensify stock. The shares were sold at an average price of $1.90, for a total value of $4,552.40.
• On Tuesday, September 2nd, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $1.92, for a total value of $57,600.00.
• On Friday, August 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $1.94, for a total value of $58,200.00.
• On Tuesday, July 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $2.56, for a total value of $76,800.00.

Expensify Stock Performance

NASDAQ:EXFY traded down $0.04 during mid-day trading on Wednesday, hitting $1.93. The company had a trading volume of 821,918 shares, compared to its average volume of 553,478. Expensify, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.13. The business's fifty day moving average is $1.96 and its two-hundred day moving average is $2.42. The firm has a market cap of $155.46 million, a P/E ratio of -12.06 and a beta of 1.72.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXFY. Wall Street Zen upgraded Expensify from a "hold" rating to a "buy" rating in a report on Tuesday, August 19th. BMO Capital Markets dropped their price target on Expensify from $3.00 to $2.50 and set a "market perform" rating for the company in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $4.00.

Hedge Funds Weigh In On Expensify

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of Expensify by 64.8% during the first quarter. Acadian Asset Management LLC now owns 1,418,512 shares of the company's stock worth $4,308,000 after acquiring an additional 557,533 shares in the last quarter. Northern Trust Corp increased its stake in Expensify by 15.8% in the fourth quarter. Northern Trust Corp now owns 107,305 shares of the company's stock valued at $359,000 after acquiring an additional 14,676 shares during the last quarter. Vontobel Holding Ltd. bought a new position in Expensify in the first quarter valued at $159,000. Bank of America Corp DE grew its stake in shares of Expensify by 42.4% during the fourth quarter. Bank of America Corp DE now owns 215,251 shares of the company's stock valued at $721,000 after buying an additional 64,088 shares during the last quarter. Finally, Palogic Value Management L.P. grew its stake in shares of Expensify by 31.5% during the first quarter. Palogic Value Management L.P. now owns 724,485 shares of the company's stock valued at $2,202,000 after buying an additional 173,679 shares during the last quarter. 68.42% of the stock is owned by institutional investors.

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.

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