David Michael Barrett Sells 16,575 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Posted by George Bondi on Apr 17th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 16,575 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $1.49, for a total value of $24,696.75. Following the sale, the chief executive officer now directly owns 1,132,249 shares in the company, valued at approximately $1,687,051.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were 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 shares were 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 shares were 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 transaction 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 transaction 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 transaction of $22,207.57.

Expensify Stock Performance

NASDAQ:EXFY traded up $0.06 during mid-day trading on Wednesday, reaching $1.51. The stock had a trading volume of 692,530 shares, compared to its average volume of 632,053. The firm has a market capitalization of $106.58 million, a price-to-earnings ratio of -2.96 and a beta of 1.49. Expensify, Inc. has a twelve month low of $1.40 and a twelve month high of $8.64. The business has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $2.18.

Expensify (NASDAQ:EXFY – Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The firm had revenue of $35.20 million during the quarter, compared to analyst estimates of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. Expensify’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts expect that Expensify, Inc. will post -0.19 earnings per share for the current year.

Institutional Investors Weigh In On Expensify

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC lifted its position in shares of Expensify by 212.5% during the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after acquiring an additional 8,500 shares during the period. Royal Bank of Canada lifted its position in shares of Expensify by 117.8% during the 3rd quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after acquiring an additional 1,178 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Expensify during the 3rd quarter valued at approximately $35,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Expensify during the 2nd quarter valued at approximately $36,000. Finally, Corton Capital Inc. acquired a new stake in shares of Expensify during the 3rd quarter valued at approximately $37,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 note on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Expensify currently has an average rating of “Hold” and a consensus price target of $6.50.

View Our Latest Stock Analysis on Expensify

About Expensify

(Get Free Report)

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.