Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,806.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,800 shares of the business’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $1.57, for a total transaction of $24,806.00. Following the completion of the sale, the chief executive officer now directly owns 1,101,449 shares of the company’s stock, valued at $1,729,274.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value of $24,937.92.
• On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The stock was 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 value 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 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.
• On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The shares were 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 value of $95,151.90.
• On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The stock was sold at an average price of $1.77, for a total value of $151,742.10.

Expensify Stock Performance

EXFY stock opened at $1.70 on Tuesday. Expensify, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $8.47. The company has a market capitalization of $119.99 million, a price-to-earnings ratio of -3.33 and a beta of 1.49. The business’s 50 day moving average price is $1.80 and its two-hundred day moving average price is $2.14.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The firm had revenue of $35.20 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned ($0.04) earnings per share. Sell-side analysts forecast that Expensify, Inc. will post -0.19 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. FNY Investment Advisers LLC grew its holdings in Expensify by 212.5% in 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 purchased a new stake in shares of Expensify in the 3rd quarter worth approximately $35,000. Corton Capital Inc. purchased a new stake in shares of Expensify in the 3rd quarter worth approximately $37,000. SG Americas Securities LLC bought a new position in Expensify during the 3rd quarter valued at approximately $51,000. Finally, Azora Capital LP bought a new stake in Expensify in the fourth quarter worth $61,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Piper Sandler decreased their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Expensify currently has an average rating of “Hold” and an average price target of $6.50.

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.