Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 15,910 Shares

Posted by John Perry on Apr 26th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 15,910 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $1.56, for a total transaction of $24,819.60. Following the transaction, the chief executive officer now directly owns 1,055,448 shares in the company, valued at approximately $1,646,498.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

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 transaction 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 stock was 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 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 shares were 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.

Expensify Trading Down 0.6 %

Shares of NASDAQ:EXFY opened at $1.64 on Friday. The stock has a market capitalization of $115.75 million, a P/E ratio of -3.22 and a beta of 1.49. Expensify, Inc. has a 1-year low of $1.40 and a 1-year high of $8.25. The business has a 50-day moving average price of $1.80 and a two-hundred day moving average price of $2.13.

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 analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $35.20 million during the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The business’s revenue was down 19.1% compared to the same quarter last year. During the same period last year, the company earned ($0.04) earnings per share. As a group, equities analysts predict that Expensify, Inc. will post -0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EXFY. Citigroup reduced their price target on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday. Piper Sandler dropped their price objective on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.93.

Read Our Latest Report on Expensify

Institutional Trading of Expensify

Institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC increased its stake in shares of Expensify by 63.5% in the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock valued at $184,000 after acquiring an additional 21,700 shares during the last quarter. Barclays PLC increased its stake in shares of Expensify by 433.4% in the 3rd quarter. Barclays PLC now owns 105,759 shares of the company’s stock valued at $344,000 after acquiring an additional 85,931 shares during the last quarter. Walleye Capital LLC increased its stake in shares of Expensify by 396.1% in the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after acquiring an additional 570,495 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Expensify in the 3rd quarter valued at about $134,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Expensify in the 3rd quarter valued at approximately $35,000. 68.42% of the stock is owned by institutional investors.

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.