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 Expensify stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $1.50, for a total value of $45,000.00. Following the transaction, the chief executive officer directly owned 1,348,480 shares in the company, valued at $2,022,720. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, December 30th, David Michael Barrett sold 14,463 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total value of $21,983.76.
• 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 stock was 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 shares were sold at an average price of $1.60, for a total value of $48,000.00.

Expensify Stock Performance

Expensify stock opened at $1.42 on Wednesday. The firm has a market cap of $114.79 million, a price-to-earnings ratio of -8.35 and a beta of 1.69. Expensify, Inc. has a 52-week low of $1.33 and a 52-week high of $4.00. The firm has a 50 day moving average price of $1.52 and a two-hundred day moving average price of $1.83.

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

Institutional Trading of Expensify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new position in Expensify in the second quarter worth approximately $30,000. ProShare Advisors LLC bought a new position in shares of Expensify in the 2nd quarter worth $32,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Expensify in the 2nd quarter valued at $32,000. Heron Bay Capital Management bought a new stake in Expensify during the 2nd quarter valued at $37,000. Finally, Savant Capital LLC acquired a new position in Expensify during the third quarter worth $30,000. 68.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.