David Michael Barrett Sells 14,463 Shares of Expensify (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 14,463 shares of the firm’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $1.52, for a total value of $21,983.76. Following the transaction, the chief executive officer owned 212,567 shares in the company, valued at $323,101.84. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, January 2nd, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $1.50, for a total value of $45,000.00.
• On Wednesday, December 17th, David Michael Barrett sold 2,544 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value of $3,943.20.
• On Monday, December 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total value of $45,600.00.
• On Monday, November 3rd, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $1.60, for a total transaction of $48,000.00.

Expensify Price Performance

Shares of Expensify stock opened at $1.42 on Wednesday. The stock has a market cap of $114.79 million, a price-to-earnings ratio of -8.35 and a beta of 1.69. The firm’s 50-day moving average is $1.52 and its two-hundred day moving average is $1.83. Expensify, Inc. has a 1 year low of $1.33 and a 1 year high of $4.00.

Expensify (NASDAQ:EXFY) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.08). Expensify had a negative net margin of 10.83% and a negative return on equity of 11.75%. The business had revenue of $35.07 million during the quarter, compared to the consensus estimate of $35.65 million.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EXFY. Weiss Ratings reiterated a “sell (d-)” rating on shares of Expensify in a report on Monday, December 29th. Wall Street Zen lowered Expensify from a “buy” rating to a “hold” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.50.

Institutional Trading of Expensify

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Expensify by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,543,639 shares of the company’s stock worth $8,406,000 after purchasing an additional 197,702 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Expensify by 46.1% in the second quarter. Acadian Asset Management LLC now owns 2,071,772 shares of the company’s stock worth $5,359,000 after acquiring an additional 653,260 shares in the last quarter. Millennium Management LLC grew its stake in shares of Expensify by 103.2% during the first quarter. Millennium Management LLC now owns 1,406,476 shares of the company’s stock worth $4,276,000 after acquiring an additional 714,244 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Expensify by 134.2% during the second quarter. Geode Capital Management LLC now owns 1,326,129 shares of the company’s stock valued at $3,435,000 after acquiring an additional 759,982 shares in the last quarter. Finally, Formula Growth Ltd. increased its holdings in shares of Expensify by 15.0% during the second quarter. Formula Growth Ltd. now owns 1,150,000 shares of the company’s stock valued at $2,978,000 after acquiring an additional 150,000 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Expensify Company Profile

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.