Expensify, Inc. (NASDAQ:EXFY) CEO Sells $54,658.05 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,715 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $3.27, for a total transaction of $54,658.05. Following the completion of the sale, the chief executive officer now owns 2,072,233 shares of the company’s stock, valued at $6,776,201.91. The trade was a 0.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The shares were sold at an average price of $3.32, for a total value of $120,479.48.
• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The stock was sold at an average price of $3.41, for a total value of $110,732.93.
• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $3.50, for a total transaction 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 value 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 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 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 Trading Up 0.9 %

Shares of NASDAQ:EXFY traded up $0.03 during mid-day trading on Thursday, reaching $3.33. The company had a trading volume of 205,112 shares, compared to its average volume of 321,265. The company’s 50-day moving average price is $3.41 and its 200-day moving average price is $2.53. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.13. The firm has a market cap of $256.94 million, a price-to-earnings ratio of -18.50 and a beta of 1.85.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter. Expensify had a negative net margin of 11.81% and a negative return on equity of 14.72%. The firm had revenue of $35.41 million for the quarter. During the same quarter in the previous year, the company earned ($0.21) earnings per share. On average, research analysts anticipate that Expensify, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in Expensify in the 4th quarter worth approximately $46,000. Exchange Traded Concepts LLC bought a new position in shares of Expensify in the fourth quarter worth $691,000. SG Americas Securities LLC purchased a new stake in shares of Expensify in the fourth quarter worth $39,000. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 40,141 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Expensify by 11.3% during the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after buying an additional 52,385 shares during the period. Institutional investors own 68.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th. Citigroup raised their target price on 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.