Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 13,300 Shares

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 13,300 shares of the business's stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $1.75, for a total value of $23,275.00. Following the transaction, the chief executive officer now directly owns 1,311,138 shares of the company's stock, valued at approximately $2,294,491.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The shares were sold at an average price of $1.57, for a total value of $24,793.44.
• 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 transaction of $95,151.90.
• On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The shares were sold at an average price of $1.77, for a total transaction 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 transaction 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 transaction of $22,207.57.
• On Monday, March 18th, David Michael Barrett sold 81,301 shares of Expensify stock. The stock was sold at an average price of $1.86, for a total value of $151,219.86.
• On Friday, March 15th, David Michael Barrett sold 80,082 shares of Expensify stock. The shares were sold at an average price of $1.97, for a total value of $157,761.54.
• On Monday, March 11th, David Michael Barrett sold 7,311 shares of Expensify stock. The stock was sold at an average price of $2.14, for a total value of $15,645.54.

Expensify Stock Performance

Shares of EXFY stock traded up $0.06 during trading hours on Wednesday, hitting $1.62. The company had a trading volume of 828,112 shares, compared to its average volume of 661,102. Expensify, Inc. has a 12 month low of $1.50 and a 12 month high of $8.69. The firm's fifty day moving average is $1.84 and its 200 day moving average is $2.30. The firm has a market capitalization of $114.34 million, a price-to-earnings ratio of -3.18 and a beta of 1.49.

Expensify (NASDAQ:EXFY - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $35.20 million during the quarter, compared to analyst estimates of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. Expensify's quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.04) EPS. On average, sell-side analysts expect that Expensify, Inc. will post -0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their target price on Expensify from $3.00 to $2.00 and set a "neutral" rating for the company in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $6.50.

Institutional Investors Weigh In On Expensify

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Expensify by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 46,958 shares of the company's stock worth $825,000 after buying an additional 1,123 shares during the last quarter. Royal Bank of Canada grew its position in Expensify by 117.8% during the 3rd quarter. Royal Bank of Canada now owns 2,178 shares of the company's stock worth $33,000 after acquiring an additional 1,178 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Expensify by 1.8% during the 1st 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 in the last quarter. UBS Group AG bought a new position in Expensify in the 3rd quarter valued at $56,000. Finally, State of Wyoming boosted its stake in Expensify by 63.5% in the second quarter. State of Wyoming now owns 11,072 shares of the company's stock worth $88,000 after purchasing an additional 4,302 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company's stock.

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.