Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,937.92 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 14,844 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $1.68, for a total value of $24,937.92. Following the transaction, the chief executive officer now directly owns 1,086,605 shares in the company, valued at approximately $1,825,496.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 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 shares were 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 stock was sold at an average price of $1.75, for a total value 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 Trading Up 3.7 %

EXFY stock opened at $1.70 on Tuesday. Expensify, Inc. has a 52 week low of $1.40 and a 52 week high of $8.47. The company has a market cap of $119.99 million, a P/E ratio of -3.33 and a beta of 1.49. The company’s 50-day moving average price is $1.80 and its 200 day moving average price is $2.14.

Expensify (NASDAQ:EXFY) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $35.20 million during 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%. The business’s revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. On average, equities research analysts expect that Expensify, Inc. will post -0.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. SVB Wealth LLC grew its stake in Expensify by 63.9% in the 4th quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock valued at $8,297,000 after acquiring an additional 1,309,037 shares during the last quarter. Palogic Value Management L.P. raised its position in Expensify by 33.3% during the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after acquiring an additional 200,000 shares during the last quarter. Walleye Capital LLC lifted its holdings in shares of Expensify by 396.1% in the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after purchasing an additional 570,495 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Expensify by 15.2% in the third quarter. Bank of New York Mellon Corp now owns 220,490 shares of the company’s stock valued at $717,000 after purchasing an additional 29,131 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Expensify by 57,044.0% during the 4th quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock worth $398,000 after purchasing an additional 160,864 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler reduced their price objective on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Expensify currently has a consensus rating of “Hold” and a consensus price target 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.