Expensify, Inc. (NASDAQ:EXFY) CEO Sells $50,964.48 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 13,272 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $3.84, for a total value of $50,964.48. Following the transaction, the chief executive officer now directly owns 1,207,675 shares in the company, valued at approximately $4,637,472. This represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The shares were sold at an average price of $3.83, for a total value of $23,562.16.
• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The shares were sold at an average price of $2.91, for a total value of $44,971.14.
• On Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The shares were sold at an average price of $2.70, for a total value of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The shares were sold at an average price of $2.76, for a total value of $160,703.76.

Expensify Price Performance

EXFY opened at $3.56 on Friday. The stock’s 50 day simple moving average is $2.69 and its 200 day simple moving average is $2.19. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The firm has a market cap of $274.68 million, a price-to-earnings ratio of -19.78 and a beta of 1.90.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXFY. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup raised their price target on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday.

Hedge Funds Weigh In On Expensify

Several institutional investors and hedge funds have recently bought and sold shares of EXFY. Marshall Wace LLP bought a new position in Expensify during the 2nd quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify in the 2nd quarter worth approximately $86,000. Dynamic Technology Lab Private Ltd grew its position in shares of Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after buying an additional 22,504 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of Expensify by 40.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Expensify by 76.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after buying an additional 28,731 shares during the last quarter. 68.42% of the stock is currently owned by institutional investors.

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.