Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 11,095 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 11,095 shares of Expensify stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.28, for a total value of $25,296.60. Following the completion of the transaction, the chief executive officer now directly owns 173,820 shares of the company’s stock, valued at approximately $396,309.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The shares were sold at an average price of $2.34, for a total value of $1,511,494.92.
• On Monday, August 12th, David Michael Barrett sold 11,203 shares of Expensify stock. The stock was sold at an average price of $2.28, for a total value of $25,542.84.
• On Friday, August 9th, David Michael Barrett sold 12,801 shares of Expensify stock. The shares were sold at an average price of $1.98, for a total transaction of $25,345.98.
• On Wednesday, August 7th, David Michael Barrett sold 16,260 shares of Expensify stock. The stock was sold at an average price of $1.52, for a total value of $24,715.20.
• On Monday, August 5th, David Michael Barrett sold 16,330 shares of Expensify stock. The shares were sold at an average price of $1.51, for a total value of $24,658.30.
• On Friday, August 2nd, David Michael Barrett sold 15,475 shares of Expensify stock. The stock was sold at an average price of $1.61, for a total transaction of $24,914.75.
• On Wednesday, July 31st, David Michael Barrett sold 1,500 shares of Expensify stock. The shares were sold at an average price of $1.84, for a total transaction of $2,760.00.
• On Monday, July 29th, David Michael Barrett sold 9,994 shares of Expensify stock. The shares were sold at an average price of $1.92, for a total transaction of $19,188.48.
• On Friday, July 26th, David Michael Barrett sold 13,140 shares of Expensify stock. The stock was sold at an average price of $1.93, for a total transaction of $25,360.20.
• On Wednesday, July 24th, David Michael Barrett sold 12,850 shares of Expensify stock. The stock was sold at an average price of $1.98, for a total transaction of $25,443.00.

Expensify Price Performance

EXFY stock opened at $2.24 on Thursday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $3.46. The firm has a market capitalization of $193.75 million, a PE ratio of -4.67 and a beta of 1.54. The company’s 50 day simple moving average is $2.14 and its 200-day simple moving average is $1.83.

Expensify (NASDAQ:EXFY) last released its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $33.29 million during the quarter, compared to analysts’ expectations of $35.69 million. Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%. As a group, sell-side analysts anticipate that Expensify, Inc. will post -0.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 worth $6,158,000 after acquiring an additional 476,687 shares during the period. Acadian Asset Management LLC raised 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 valued at $557,000 after acquiring an additional 129,689 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Expensify during the 1st quarter worth $65,000. Azora Capital LP bought a new position in shares of Expensify in the fourth quarter worth $61,000. Finally, Aristides Capital LLC acquired a new position in shares of Expensify during the fourth quarter valued at $134,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EXFY shares. JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price target on the stock in a research note on Friday, August 9th. Morgan Stanley raised Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th.

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.