David Michael Barrett Sells 12,437 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 12,437 shares of the company's stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $1.63, for a total transaction of $20,272.31. Following the completion of the transaction, the chief executive officer now owns 1,027,411 shares in the company, valued at approximately $1,674,679.93. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, April 29th, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.61, for a total transaction of $2,415.00.
• On Wednesday, April 24th, David Michael Barrett sold 15,910 shares of Expensify stock. The stock was sold at an average price of $1.56, for a total transaction of $24,819.60.
• On Monday, April 22nd, David Michael Barrett sold 14,844 shares of Expensify stock. The stock was sold at an average price of $1.68, for a total value of $24,937.92.
• On Friday, April 19th, David Michael Barrett sold 15,800 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total transaction of $24,806.00.
• On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The shares were sold at an average price of $1.49, for a total transaction of $24,696.75.
• On Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total transaction of $24,753.60.
• On Thursday, April 11th, David Michael Barrett sold 16,740 shares of Expensify stock. The stock was sold at an average price of $1.48, for a total transaction of $24,775.20.
• On Monday, April 8th, David Michael Barrett sold 15,992 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value of $24,787.60.
• On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The shares were sold at an average price of $1.55, for a total value of $24,776.75.
• 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.

Expensify Stock Performance

Shares of Expensify stock traded down $0.01 on Tuesday, reaching $1.60. The company had a trading volume of 485,388 shares, compared to its average volume of 648,230. The firm's 50 day moving average price is $1.80 and its two-hundred day moving average price is $2.09. The firm has a market cap of $112.93 million, a PE ratio of -3.16 and a beta of 1.49. Expensify, Inc. has a 52-week low of $1.40 and a 52-week high of $8.25.

Expensify (NASDAQ:EXFY - Get Free Report) last posted 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). Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The firm had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. During the same quarter last year, the firm earned ($0.04) EPS. The company's revenue was down 19.1% on a year-over-year basis. As a group, sell-side analysts predict that Expensify, Inc. will post -0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EXFY shares. Citigroup cut their target price on Expensify from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Piper Sandler dropped 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.93.

Institutional Trading of Expensify

Several institutional investors and hedge funds have recently bought and sold shares of EXFY. Quadrature Capital Ltd purchased a new position in shares of Expensify in the 3rd quarter valued at about $35,000. Corton Capital Inc. acquired a new stake in Expensify in the 3rd quarter valued at about $37,000. FNY Investment Advisers LLC grew its stake in Expensify by 212.5% in the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company's stock valued at $30,000 after acquiring an additional 8,500 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Expensify in the 3rd quarter valued at about $51,000. Finally, Azora Capital LP acquired a new stake in Expensify in the 4th quarter valued at about $61,000. Hedge funds and other 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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