Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 16,575 shares of the company’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 completion of the sale, the chief executive officer now directly owns 1,132,249 shares of the company’s stock, valued at $1,687,051.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
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 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 shares were 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 shares were 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 shares were 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 Price Performance
NASDAQ EXFY opened at $1.59 on Friday. The company has a 50 day simple moving average of $1.81 and a 200-day simple moving average of $2.17. The firm has a market capitalization of $112.22 million, a price-to-earnings ratio of -3.12 and a beta of 1.49. Expensify, Inc. has a 52-week low of $1.40 and a 52-week high of $8.64.
Analyst Ratings Changes
Separately, Piper Sandler decreased their target price 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Expensify has a consensus rating of “Hold” and an average price target of $6.50.
Read Our Latest Stock Analysis on EXFY
Institutional Trading of Expensify
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Expensify by 287.3% in the second quarter. BlackRock Inc. now owns 4,116,270 shares of the company’s stock worth $32,848,000 after purchasing an additional 3,053,582 shares in the last quarter. Vanguard Group Inc. raised its position in Expensify by 58.8% during the third quarter. Vanguard Group Inc. now owns 3,866,629 shares of the company’s stock valued at $57,536,000 after acquiring an additional 1,431,326 shares in the last quarter. SVB Wealth LLC raised its position in Expensify by 63.9% during the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock valued at $8,297,000 after acquiring an additional 1,309,037 shares in the last quarter. Capital Research Global Investors raised its position in Expensify by 27.3% during the first quarter. Capital Research Global Investors now owns 2,120,087 shares of the company’s stock valued at $37,229,000 after acquiring an additional 455,026 shares in the last quarter. Finally, Durable Capital Partners LP raised its position in Expensify by 27.5% during the first quarter. Durable Capital Partners LP now owns 2,069,629 shares of the company’s stock valued at $36,343,000 after acquiring an additional 445,937 shares in the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.
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.
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