Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 16,200 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $1.53, for a total value of $24,786.00. Following the completion of the sale, the chief executive officer now owns 1,856,837 shares of the company’s stock, valued at $2,840,960.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, June 28th, David Michael Barrett sold 16,630 shares of Expensify stock. The shares were sold at an average price of $1.49, for a total value of $24,778.70.
• On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The shares were sold at an average price of $1.51, for a total value of $24,613.00.
• On Monday, June 24th, David Michael Barrett sold 16,860 shares of Expensify stock. The shares were sold at an average price of $1.46, for a total value of $24,615.60.
• On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The shares were sold at an average price of $1.32, for a total value of $24,327.60.
• On Monday, June 17th, David Michael Barrett sold 11,072 shares of Expensify stock. The shares were sold at an average price of $1.34, for a total value of $14,836.48.
• On Friday, June 14th, David Michael Barrett sold 17,740 shares of Expensify stock. The shares were sold at an average price of $1.38, for a total value of $24,481.20.
• On Wednesday, June 12th, David Michael Barrett sold 16,970 shares of Expensify stock. The stock was sold at an average price of $1.45, for a total value of $24,606.50.
• On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total value of $24,638.40.
• On Friday, June 7th, David Michael Barrett sold 16,780 shares of Expensify stock. The stock was sold at an average price of $1.47, for a total value of $24,666.60.
• On Wednesday, June 5th, David Michael Barrett sold 17,060 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total value of $24,566.40.

Expensify Stock Down 3.8 %

Shares of Expensify stock opened at $1.50 on Wednesday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $8.25. The business’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $1.78. The firm has a market cap of $129.74 million, a PE ratio of -3.13 and a beta of 1.47.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The business had revenue of $33.50 million during the quarter, compared to analyst estimates of $35.56 million. During the same period last year, the company earned ($0.07) EPS. The business’s revenue for the quarter was down 16.5% on a year-over-year basis. As a group, equities analysts expect that Expensify, Inc. will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Expensify

Several large investors have recently modified their holdings of the business. SVB Wealth LLC lifted its stake in shares of 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 purchasing an additional 1,309,037 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Expensify by 16.6% in the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares during the last quarter. Palogic Value Management L.P. lifted its stake in Expensify by 33.3% during the 4th 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 in the last quarter. Walleye Capital LLC lifted its stake in Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after acquiring an additional 570,495 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Expensify by 74.4% during the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after acquiring an additional 129,689 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EXFY. JMP Securities reiterated a “market perform” rating on shares of Expensify in a research report on Friday, June 14th. Morgan Stanley upgraded Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Citigroup dropped their price target on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Expensify presently has a consensus rating of “Hold” and an average price target of $4.20.

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.