Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 30,000 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $3.50, for a total value of $105,000.00. Following the completion of the transaction, the chief executive officer now owns 2,203,787 shares of the company’s stock, valued at approximately $7,713,254.50. This represents a 1.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The shares were sold at an average price of $3.41, for a total transaction of $110,732.93.
• 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 Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The stock was sold at an average price of $3.84, for a total transaction of $50,964.48.
• 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 transaction of $44,971.14.
• On Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The stock was sold at an average price of $2.70, for a total transaction of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The stock was sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Stock Performance

NASDAQ:EXFY traded up $0.05 during trading hours on Friday, reaching $3.40. The company’s stock had a trading volume of 325,364 shares, compared to its average volume of 331,224. The firm has a market capitalization of $262.34 million, a price-to-earnings ratio of -18.89 and a beta of 1.85. The firm has a 50-day simple moving average of $3.36 and a 200-day simple moving average of $2.47. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on EXFY shares. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th. Citigroup raised their price objective on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Expensify during the 4th quarter valued at about $39,000. JPMorgan Chase & Co. boosted its stake in shares of Expensify by 33.5% during the third quarter. JPMorgan Chase & Co. now owns 160,002 shares of the company’s stock valued at $314,000 after purchasing an additional 40,141 shares during the period. Geode Capital Management LLC grew its holdings in shares of Expensify by 11.3% in the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after purchasing an additional 52,385 shares during the last quarter. XTX Topco Ltd increased its stake in shares of Expensify by 29.6% in the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after buying an additional 15,730 shares during the period. Finally, RBF Capital LLC raised its holdings in Expensify by 10.9% during the 3rd quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock valued at $946,000 after buying an additional 47,389 shares during the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

About Expensify

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.