Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 14,091 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 14,091 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1.78, for a total transaction of $25,081.98. Following the completion of the sale, the chief executive officer now owns 892,158 shares in the company, valued at approximately $1,588,041.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 22nd, David Michael Barrett sold 14,680 shares of Expensify stock. The stock was sold at an average price of $1.70, for a total transaction of $24,956.00.
• On Monday, May 20th, David Michael Barrett sold 14,643 shares of Expensify stock. The stock was sold at an average price of $1.70, for a total transaction of $24,893.10.
• On Friday, May 17th, David Michael Barrett sold 14,805 shares of Expensify stock. The stock was sold at an average price of $1.69, for a total transaction of $25,020.45.
• On Wednesday, May 15th, David Michael Barrett sold 14,346 shares of Expensify stock. The stock was sold at an average price of $1.75, for a total transaction of $25,105.50.
• On Friday, May 10th, David Michael Barrett sold 14,530 shares of Expensify stock. The stock was sold at an average price of $1.73, for a total transaction of $25,136.90.
• On Wednesday, May 8th, David Michael Barrett sold 14,453 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total transaction of $25,148.22.
• On Monday, May 6th, David Michael Barrett sold 14,510 shares of Expensify stock. The stock was sold at an average price of $1.72, for a total transaction of $24,957.20.
• On Friday, May 3rd, David Michael Barrett sold 15,180 shares of Expensify stock. The shares were sold at an average price of $1.64, for a total value of $24,895.20.
• On Wednesday, May 1st, David Michael Barrett sold 15,480 shares of Expensify stock. The shares were sold at an average price of $1.61, for a total value of $24,922.80.
• On Monday, April 29th, David Michael Barrett sold 1,500 shares of Expensify stock. The shares were sold at an average price of $1.61, for a total value of $2,415.00.

Expensify Price Performance

Shares of NASDAQ:EXFY opened at $1.72 on Thursday. Expensify, Inc. has a 1-year low of $1.40 and a 1-year high of $8.25. The business has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.97.

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

Institutional Trading of Expensify

A number of institutional investors and hedge funds have recently modified their holdings of EXFY. Bank of New York Mellon Corp increased its stake in shares of Expensify by 15.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 220,490 shares of the company’s stock valued at $717,000 after acquiring an additional 29,131 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Expensify in the 3rd quarter valued at about $178,000. Barclays PLC increased its stake in shares of Expensify by 433.4% in the 3rd quarter. Barclays PLC now owns 105,759 shares of the company’s stock valued at $344,000 after acquiring an additional 85,931 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Expensify by 93.5% in the 3rd quarter. Quantbot Technologies LP now owns 47,396 shares of the company’s stock valued at $154,000 after purchasing an additional 22,897 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Expensify in the 3rd quarter valued at approximately $134,000. 68.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EXFY has been the subject of a number of research analyst reports. Piper Sandler cut their price target on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Citigroup dropped their price objective on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Expensify currently has a consensus rating of “Hold” and an average target price 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.