David Michael Barrett Sells 16,575 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Posted by Tammy Falkenburg on Apr 19th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 16,575 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $1.49, for a total transaction of $24,696.75. Following the transaction, the chief executive officer now owns 1,132,249 shares of the company’s stock, valued at $1,687,051.01. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

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 shares were 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 shares were sold at an average price of $1.55, for a total transaction of $24,787.60.
On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total transaction of $24,776.75.
On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total transaction of $24,793.44.
On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The stock was sold at an average price of $1.75, for a total transaction of $23,275.00.
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 stock was 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 stock was sold at an average price of $1.91, for a total transaction of $22,207.57.

Expensify Stock Performance

Expensify stock opened at $1.59 on Friday. Expensify, Inc. has a 1 year low of $1.40 and a 1 year high of $8.64. The firm has a 50 day moving average price of $1.81 and a 200 day moving average price of $2.17. The company has a market cap of $112.22 million, a price-to-earnings ratio of -3.12 and a beta of 1.49.

Expensify (NASDAQ:EXFY – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $36.85 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. Expensify’s revenue for the quarter was down 19.1% compared to the same quarter last year. Sell-side analysts predict that Expensify, Inc. will post -0.19 EPS for the current year.

Analysts Set New Price Targets

Separately, Piper Sandler lowered their price target on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.50.

View Our Latest Stock Report on Expensify

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in Expensify by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 46,958 shares of the company’s stock valued at $825,000 after buying an additional 1,123 shares in the last quarter. Royal Bank of Canada lifted its position in Expensify by 117.8% during the third quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after buying an additional 1,178 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Expensify by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 72,991 shares of the company’s stock valued at $1,282,000 after buying an additional 1,297 shares in the last quarter. UBS Group AG acquired a new position in Expensify during the third quarter valued at approximately $56,000. Finally, State of Wyoming lifted its position in Expensify by 63.5% during the second quarter. State of Wyoming now owns 11,072 shares of the company’s stock valued at $88,000 after buying an additional 4,302 shares in the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

About Expensify

(Get Free Report)

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.