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

Posted by James Quigley on Apr 27th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 15,910 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were 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 transaction was disclosed in a document filed with the SEC, 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 Friday, April 19th, David Michael Barrett sold 15,800 shares of Expensify stock. The shares were sold at an average price of $1.57, for a total value of $24,806.00.
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 value 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 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 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 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.

Expensify Trading Down 0.6 %

NASDAQ EXFY opened at $1.63 on Friday. The stock has a market capitalization of $115.05 million, a price-to-earnings ratio of -3.20 and a beta of 1.49. The stock has a 50-day moving average of $1.80 and a 200 day moving average of $2.12. Expensify, Inc. has a twelve month low of $1.40 and a twelve month high of $8.25.

Expensify (NASDAQ:EXFY – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $36.85 million. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. Equities analysts predict that Expensify, Inc. will post -0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Expensify

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXFY. Quadrature Capital Ltd acquired a new stake in shares of Expensify in the third quarter valued at about $35,000. Corton Capital Inc. purchased a new position in Expensify in the 3rd quarter valued at about $37,000. FNY Investment Advisers LLC boosted its holdings in Expensify by 212.5% in the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock worth $30,000 after buying an additional 8,500 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Expensify during the 3rd quarter worth approximately $51,000. Finally, Azora Capital LP purchased a new stake in Expensify during the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on EXFY shares. Piper Sandler cut their price target on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Citigroup lowered their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday. 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.93.

Check Out Our Latest Report on EXFY

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.