David Michael Barrett Sells 15,800 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,800 shares of the stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $1.57, for a total transaction of $24,806.00. Following the completion of the sale, the chief executive officer now directly owns 1,101,449 shares in the company, valued at $1,729,274.93. 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 22nd, David Michael Barrett sold 14,844 shares of Expensify stock. The shares were 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 shares were 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 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 shares were sold at an average price of $1.77, for a total transaction of $151,742.10.

Expensify Stock Performance

EXFY stock opened at $1.55 on Wednesday. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.47. The stock has a market capitalization of $109.05 million, a PE ratio of -3.03 and a beta of 1.49. The company has a fifty day moving average of $1.80 and a 200-day moving average of $2.14.

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 analysts’ consensus estimates of ($0.03) by ($0.06). The company had revenue of $35.20 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) EPS. Equities analysts forecast that Expensify, Inc. will post -0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Expensify

A number of large investors have recently made changes to their positions in EXFY. Hsbc Holdings PLC increased its holdings in Expensify by 63.5% during 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 in the last quarter. Barclays PLC boosted its stake in shares of Expensify by 433.4% during the 3rd quarter. Barclays PLC now owns 105,759 shares of the company’s stock worth $344,000 after purchasing an additional 85,931 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after purchasing an additional 570,495 shares during the last quarter. Aigen Investment Management LP acquired a new stake in shares of Expensify during the 3rd quarter worth about $134,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Expensify during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EXFY shares. Piper Sandler lowered 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. Citigroup decreased their price target 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 assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5.93.

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.