Expensify, Inc. (NASDAQ:EXFY) CEO Sells $151,585.98 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 83,289 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $1.82, for a total transaction of $151,585.98. Following the completion of the transaction, the chief executive officer now owns 1,553,922 shares of the company’s stock, valued at approximately $2,828,138.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total transaction of $95,151.90.
• On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The shares were sold at an average price of $1.77, for a total transaction of $151,742.10.
• On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The shares were sold at an average price of $1.91, for a total transaction of $22,207.57.
• On Monday, March 18th, David Michael Barrett sold 81,301 shares of Expensify stock. The shares were sold at an average price of $1.86, for a total transaction of $151,219.86.
• On Friday, March 15th, David Michael Barrett sold 80,082 shares of Expensify stock. The shares were sold at an average price of $1.97, for a total transaction of $157,761.54.
• On Monday, March 11th, David Michael Barrett sold 7,311 shares of Expensify stock. The shares were sold at an average price of $2.14, for a total transaction of $15,645.54.

Expensify Stock Performance

Shares of EXFY stock traded up $0.05 during trading hours on Thursday, hitting $1.84. 341,579 shares of the company were exchanged, compared to its average volume of 655,373. The company has a 50 day simple moving average of $1.85 and a two-hundred day simple moving average of $2.38. Expensify, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $8.69. The firm has a market cap of $129.87 million, a P/E ratio of -3.61 and a beta of 1.51.

Expensify (NASDAQ:EXFY) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $35.20 million during the quarter, compared to analyst estimates of $36.85 million. During the same period in the previous year, the business posted ($0.04) EPS. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that Expensify, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Expensify

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada grew its position in Expensify by 117.8% in the 3rd quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after purchasing an additional 1,178 shares during the period. UBS Group AG bought a new position in Expensify during the 3rd quarter valued at $56,000. Ameritas Investment Partners Inc. bought a new position in Expensify during the 2nd quarter valued at $36,000. Quantbot Technologies LP bought a new position in Expensify during the 1st quarter valued at $86,000. Finally, Ensign Peak Advisors Inc bought a new position in Expensify during the 3rd quarter valued at $89,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler decreased their target price on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.