David Michael Barrett Sells 45,643 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Posted by Stuart Ham on Feb 22nd, 2025

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 45,643 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $3.68, for a total value of $167,966.24. Following the sale, the chief executive officer now directly owns 2,026,590 shares of the company’s stock, valued at approximately $7,457,851.20. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The stock was sold at an average price of $3.43, for a total transaction of $109,008.83.
On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The stock was 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 transaction 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 value of $110,732.93.
On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $3.50, for a total value of $105,000.00.
On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The shares were sold at an average price of $3.83, for a total value of $23,562.16.
On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The stock was sold at an average price of $3.84, for a total transaction of $50,964.48.

Expensify Trading Down 5.5 %

Shares of NASDAQ EXFY opened at $3.26 on Friday. The company has a market capitalization of $251.54 million, a price-to-earnings ratio of -18.11 and a beta of 1.87. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.13. The business has a 50 day simple moving average of $3.55 and a 200-day simple moving average of $2.80.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup upped their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

View Our Latest Stock Report on EXFY

Institutional Trading of Expensify

Institutional investors have recently added to or reduced their stakes in the business. Topline Capital Management LLC bought a new position in shares of Expensify in the 4th quarter worth about $3,085,000. Marshall Wace LLP raised its stake in Expensify by 72.0% during the fourth quarter. Marshall Wace LLP now owns 1,439,877 shares of the company’s stock worth $4,824,000 after acquiring an additional 602,565 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Expensify by 814.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 604,088 shares of the company’s stock worth $2,024,000 after acquiring an additional 537,993 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in Expensify by 2,760.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 289,717 shares of the company’s stock worth $971,000 after acquiring an additional 279,588 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new position in Expensify in the fourth quarter valued at approximately $740,000. Institutional investors own 68.42% of the company’s stock.

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.