Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,696.75 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,575 shares of the company’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $1.49, for a total value of $24,696.75. Following the completion of the sale, the chief executive officer now owns 1,132,249 shares of the company’s stock, valued at approximately $1,687,051.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The stock was 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 value of $24,775.20.
• On Monday, April 8th, David Michael Barrett sold 15,992 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value of $24,787.60.
• On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value 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 value of $24,793.44.
• On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The stock was 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 stock was 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.
• On Friday, March 22nd, David Michael Barrett sold 83,289 shares of Expensify stock. The stock was sold at an average price of $1.82, for a total value of $151,585.98.
• On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The stock was sold at an average price of $1.91, for a total value of $22,207.57.

Expensify Price Performance

Shares of EXFY stock opened at $1.64 on Friday. Expensify, Inc. has a 1 year low of $1.40 and a 1 year high of $8.64. The stock’s 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $2.16. The company has a market cap of $115.75 million, a PE ratio of -3.22 and a beta of 1.49.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The company had revenue of $35.20 million for the quarter, compared to analysts’ expectations of $36.85 million. During the same quarter last year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. Equities research analysts expect that Expensify, Inc. will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Expensify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Expensify by 287.3% during the second quarter. BlackRock Inc. now owns 4,116,270 shares of the company’s stock valued at $32,848,000 after purchasing an additional 3,053,582 shares during the period. Vanguard Group Inc. raised its holdings in shares of Expensify by 58.8% in the third quarter. Vanguard Group Inc. now owns 3,866,629 shares of the company’s stock worth $57,536,000 after buying an additional 1,431,326 shares during the period. SVB Wealth LLC raised its holdings in shares of Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after buying an additional 1,309,037 shares during the period. Capital Research Global Investors raised its holdings in shares of Expensify by 27.3% in the first quarter. Capital Research Global Investors now owns 2,120,087 shares of the company’s stock worth $37,229,000 after buying an additional 455,026 shares during the period. Finally, Durable Capital Partners LP raised its holdings in shares of Expensify by 27.5% in the first quarter. Durable Capital Partners LP now owns 2,069,629 shares of the company’s stock worth $36,343,000 after buying an additional 445,937 shares during the period. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price target on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Friday, February 23rd. Two analysts have 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, the company presently has a consensus rating of “Hold” and an average target price of $6.50.

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.