Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 32,473 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 32,473 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $3.41, for a total value of $110,732.93. Following the completion of the sale, the chief executive officer now owns 2,147,203 shares in the company, valued at approximately $7,321,962.23. The trade was a 1.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $3.50, for a total value of $105,000.00.
• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The stock was sold at an average price of $3.83, for a total transaction of $23,562.16.
• On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The shares were 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 stock was 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 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 stock was sold at an average price of $2.76, for a total value of $160,703.76.

Expensify Price Performance

Shares of NASDAQ EXFY opened at $3.40 on Friday. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13. The business has a fifty day moving average price of $3.38 and a 200 day moving average price of $2.49. The stock has a market capitalization of $262.34 million, a P/E ratio of -18.89 and a beta of 1.85.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXFY. SG Americas Securities LLC acquired a new stake in shares of Expensify in the 4th quarter worth $39,000. Marshall Wace LLP acquired a new position in Expensify during the 2nd quarter valued at about $53,000. Dynamic Technology Lab Private Ltd raised its stake in Expensify by 100.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after buying an additional 22,504 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Expensify in the second quarter worth about $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Expensify by 76.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after acquiring an additional 28,731 shares during the last quarter. Institutional investors own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

EXFY has been the topic of several research reports. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup raised their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Monday, December 16th.

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.