David Michael Barrett Sells 17,190 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 17,190 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $1.44, for a total value of $24,753.60. Following the sale, the chief executive officer now directly owns 1,165,774 shares of the company’s stock, valued at $1,678,714.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 Thursday, April 11th, David Michael Barrett sold 16,740 shares of Expensify stock. The stock was 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 stock was 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 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 value of $151,742.10.
• On Friday, March 22nd, David Michael Barrett sold 83,289 shares of Expensify stock. The shares were sold at an average price of $1.82, for a total value of $151,585.98.
• On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The shares were sold at an average price of $1.91, for a total value of $22,207.57.

Expensify Price Performance

Shares of Expensify stock opened at $1.64 on Friday. The business has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $2.16. Expensify, Inc. has a 1 year low of $1.40 and a 1 year high of $8.64. The company has a market capitalization of $115.75 million, a price-to-earnings ratio of -3.22 and a beta of 1.49.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. During the same period in the prior year, the business earned ($0.04) EPS. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, equities analysts anticipate that Expensify, Inc. will post -0.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expensify

Several hedge funds have recently added to or reduced their stakes in EXFY. Charles Schwab Investment Management Inc. lifted its holdings in shares of Expensify by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 46,958 shares of the company’s stock worth $825,000 after buying an additional 1,123 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Expensify by 117.8% during the third quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock worth $33,000 after buying an additional 1,178 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Expensify by 1.8% during the first quarter. Goldman Sachs Group Inc. now owns 72,991 shares of the company’s stock worth $1,282,000 after buying an additional 1,297 shares in the last quarter. UBS Group AG acquired a new stake in shares of Expensify during the third quarter worth $56,000. Finally, State of Wyoming lifted its holdings in shares of Expensify by 63.5% during the second quarter. State of Wyoming now owns 11,072 shares of the company’s stock worth $88,000 after buying an additional 4,302 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler cut 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 equities 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, the stock currently has an average rating of “Hold” and an average target price of $6.50.

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.