David Michael Barrett Sells 30,000 Shares of Expensify (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $1.60, for a total transaction of $48,000.00. Following the completion of the sale, the chief executive officer owned 1,408,480 shares in the company, valued at $2,253,568. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, September 18th, David Michael Barrett sold 10,262 shares of Expensify stock. The stock was sold at an average price of $1.95, for a total value of $20,010.90.
• On Tuesday, September 16th, David Michael Barrett sold 2,396 shares of Expensify stock. The stock was sold at an average price of $1.90, for a total value of $4,552.40.
• On Tuesday, September 2nd, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.92, for a total value of $57,600.00.

Expensify Stock Performance

Shares of EXFY stock opened at $1.57 on Friday. Expensify, Inc. has a 1 year low of $1.50 and a 1 year high of $4.13. The stock has a fifty day moving average of $1.80 and a two-hundred day moving average of $2.13. The firm has a market capitalization of $126.46 million, a PE ratio of -9.81 and a beta of 1.69.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). Expensify had a negative net margin of 10.72% and a negative return on equity of 12.02%. The business had revenue of $35.07 million for the quarter, compared to analyst estimates of $35.65 million.

Hedge Funds Weigh In On Expensify

Several large investors have recently made changes to their positions in the business. Kapitalo Investimentos Ltda bought a new stake in shares of Expensify in the 2nd quarter worth approximately $30,000. Savant Capital LLC acquired a new position in Expensify in the third quarter worth approximately $30,000. ProShare Advisors LLC acquired a new position in Expensify in the second quarter worth approximately $32,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Expensify in the second quarter valued at $32,000. Finally, CWM LLC acquired a new stake in shares of Expensify during the 3rd quarter valued at $36,000. Institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

EXFY has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of Expensify from $3.00 to $2.50 and set a “market perform” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expensify in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Expensify from a “hold” rating to a “buy” rating in a research report on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.00.

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.