Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,806.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,800 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $1.57, for a total transaction of $24,806.00. Following the sale, the chief executive officer now owns 1,101,449 shares of the company’s stock, valued at $1,729,274.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 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 value 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 value 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 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.
• On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The shares were sold at an average price of $1.75, for a total value of $23,275.00.
• On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total value of $95,151.90.
• On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The shares were sold at an average price of $1.77, for a total transaction of $151,742.10.

Expensify Price Performance

EXFY stock opened at $1.65 on Thursday. The company has a 50 day moving average price of $1.80 and a 200 day moving average price of $2.13. Expensify, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $8.25. The stock has a market capitalization of $116.46 million, a PE ratio of -3.24 and a beta of 1.49.

Expensify (NASDAQ:EXFY) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) earnings per share 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 company had revenue of $35.20 million during the quarter, compared to the consensus estimate of $36.85 million. During the same quarter last year, the firm earned ($0.04) EPS. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, equities analysts expect that Expensify, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EXFY. Barclays PLC raised its position in Expensify by 112.9% in the 2nd quarter. Barclays PLC now owns 19,828 shares of the company’s stock worth $158,000 after purchasing an additional 10,514 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Expensify during the 3rd quarter worth $51,000. Bank of New York Mellon Corp grew its holdings in Expensify by 15.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 220,490 shares of the company’s stock worth $717,000 after acquiring an additional 29,131 shares during the period. Jump Financial LLC acquired a new stake in Expensify during the 3rd quarter worth $178,000. Finally, Quantbot Technologies LP grew its holdings in Expensify by 93.5% during the 3rd quarter. Quantbot Technologies LP now owns 47,396 shares of the company’s stock worth $154,000 after acquiring an additional 22,897 shares during the period. Institutional investors own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXFY. Piper Sandler cut their target price on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Citigroup cut their target price on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Expensify currently has a consensus rating of “Hold” and a consensus price target of $5.93.

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.