Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 25,686 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 25,686 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $2.83, for a total transaction of $72,691.38. Following the transaction, the chief executive officer now owns 1,728,590 shares in the company, valued at approximately $4,891,909.70. The trade was a 1.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Friday, March 21st, David Michael Barrett sold 2,900 shares of Expensify stock. The shares were sold at an average price of $3.20, for a total transaction of $9,280.00.
• On Wednesday, March 19th, David Michael Barrett sold 37,001 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total value of $120,993.27.
• On Monday, March 17th, David Michael Barrett sold 27,331 shares of Expensify stock. The shares were sold at an average price of $3.36, for a total value of $91,832.16.
• On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The shares were sold at an average price of $3.43, for a total transaction of $109,008.83.
• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The stock was sold at an average price of $3.68, for a total transaction of $167,966.24.
• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total value of $54,658.05.
• On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The shares were sold at an average price of $3.32, for a total value of $120,479.48.
• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The shares were sold at an average price of $3.41, for a total transaction of $110,732.93.

Expensify Trading Up 1.8 %

EXFY stock traded up $0.05 during mid-day trading on Thursday, reaching $2.78. The company’s stock had a trading volume of 378,175 shares, compared to its average volume of 653,421. The business’s 50 day moving average price is $3.27 and its 200 day moving average price is $3.05. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.13. The company has a market cap of $221.03 million, a price-to-earnings ratio of -15.44 and a beta of 1.87.

Expensify declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 27th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 20.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their price target on shares of Expensify from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, February 28th.

Institutional Investors Weigh In On Expensify

A number of hedge funds have recently added to or reduced their stakes in the company. Mariner LLC bought a new position in shares of Expensify in the 4th quarter worth $34,000. Tower Research Capital LLC TRC lifted its stake in shares of Expensify by 1,194.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock valued at $36,000 after buying an additional 9,997 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Expensify during the fourth quarter worth about $39,000. Alpine Global Management LLC acquired a new stake in shares of Expensify in the 4th quarter worth about $40,000. Finally, R Squared Ltd bought a new position in Expensify in the 4th quarter valued at about $46,000. 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.