Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 12,437 Shares

Posted by Casey Walker on May 1st, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 12,437 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $1.63, for a total transaction of $20,272.31. Following the transaction, the chief executive officer now owns 1,027,411 shares of the company’s stock, valued at $1,674,679.93. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

On Monday, April 29th, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.61, for a total transaction of $2,415.00.
On Wednesday, April 24th, David Michael Barrett sold 15,910 shares of Expensify stock. The stock was sold at an average price of $1.56, for a total transaction of $24,819.60.
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 stock was sold at an average price of $1.57, for a total transaction 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 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 stock was sold at an average price of $1.57, for a total transaction of $24,793.44.

Expensify Stock Performance

Shares of NASDAQ:EXFY opened at $1.60 on Wednesday. The firm has a market cap of $112.93 million, a PE ratio of -3.14 and a beta of 1.49. The firm’s fifty day moving average is $1.80 and its 200-day moving average is $2.09. Expensify, Inc. has a 52 week low of $1.40 and a 52 week high of $8.25.

Expensify (NASDAQ:EXFY – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. Expensify’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. Sell-side analysts forecast that Expensify, Inc. will post -0.19 EPS for the current year.

Hedge Funds Weigh In On Expensify

A number of hedge funds have recently modified their holdings of EXFY. FNY Investment Advisers LLC lifted its holdings in shares of Expensify by 212.5% during the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock worth $30,000 after purchasing an additional 8,500 shares during the period. Quadrature Capital Ltd bought a new position in Expensify during the third quarter worth $35,000. Corton Capital Inc. bought a new position in Expensify during the third quarter worth $37,000. SG Americas Securities LLC bought a new position in Expensify during the third quarter worth $51,000. Finally, Azora Capital LP bought a new position in Expensify during the fourth quarter worth $61,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Piper Sandler lowered their target price 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 cut their target price on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Expensify currently has a consensus rating of “Hold” and a consensus price target of $5.93.

Check Out Our Latest Stock Analysis on EXFY

Expensify Company Profile

(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.