Expensify, Inc. (NASDAQ:EXFY) CEO Sells $76,800.00 in Stock

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $2.56, for a total value of $76,800.00. Following the transaction, the chief executive officer directly owned 1,528,480 shares of the company's stock, valued at approximately $3,912,908.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, June 17th, David Michael Barrett sold 2,247 shares of Expensify stock. The stock was sold at an average price of $2.28, for a total transaction of $5,123.16.
• On Thursday, May 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $2.35, for a total transaction of $70,500.00.
• On Wednesday, April 23rd, David Michael Barrett sold 22,873 shares of Expensify stock. The shares were sold at an average price of $2.84, for a total transaction of $64,959.32.
• On Monday, April 21st, David Michael Barrett sold 39,399 shares of Expensify stock. The shares were sold at an average price of $2.75, for a total value of $108,347.25.
• On Thursday, April 17th, David Michael Barrett sold 32,079 shares of Expensify stock. The stock was sold at an average price of $2.79, for a total value of $89,500.41.
• On Tuesday, April 15th, David Michael Barrett sold 25,686 shares of Expensify stock. The stock was sold at an average price of $2.83, for a total transaction of $72,691.38.

Expensify Price Performance

EXFY traded down $0.12 during trading on Wednesday, hitting $2.49. The stock had a trading volume of 1,099,815 shares, compared to its average volume of 659,467. The company has a 50 day moving average price of $2.48 and a 200-day moving average price of $3.05. The firm has a market cap of $200.15 million, a price-to-earnings ratio of -27.67 and a beta of 1.75. Expensify, Inc. has a one year low of $1.41 and a one year high of $4.13.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Expensify from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 27th. Lake Street Capital cut their target price on shares of Expensify from $5.00 to $4.50 and set a "buy" rating for the company in a research note on Friday, May 9th.

Institutional Investors Weigh In On Expensify

A number of institutional investors have recently modified their holdings of the business. Mariner LLC acquired a new stake in Expensify in the 4th quarter worth about $34,000. Tower Research Capital LLC TRC grew its position in shares of Expensify by 1,194.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company's stock worth $36,000 after purchasing an additional 9,997 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of Expensify during the fourth quarter worth approximately $40,000. Virtu Financial LLC acquired a new stake in shares of Expensify in the first quarter valued at approximately $41,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Expensify in the fourth quarter valued at approximately $48,000. Institutional investors own 68.42% of the company's stock.

Expensify Company Profile

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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