Expensify, Inc. (NASDAQ:EXFY) CEO Sells $25,296.60 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 11,095 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $2.28, for a total transaction of $25,296.60. Following the sale, the chief executive officer now directly owns 173,820 shares in the company, valued at approximately $396,309.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The shares were sold at an average price of $2.34, for a total value of $1,511,494.92.
• On Monday, August 12th, David Michael Barrett sold 11,203 shares of Expensify stock. The stock was sold at an average price of $2.28, for a total value of $25,542.84.
• On Friday, August 9th, David Michael Barrett sold 12,801 shares of Expensify stock. The shares were sold at an average price of $1.98, for a total value of $25,345.98.
• On Wednesday, August 7th, David Michael Barrett sold 16,260 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total transaction of $24,715.20.
• On Monday, August 5th, David Michael Barrett sold 16,330 shares of Expensify stock. The stock was sold at an average price of $1.51, for a total transaction of $24,658.30.
• On Friday, August 2nd, David Michael Barrett sold 15,475 shares of Expensify stock. The stock was sold at an average price of $1.61, for a total transaction of $24,914.75.
• On Wednesday, July 31st, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.84, for a total transaction of $2,760.00.
• On Monday, July 29th, David Michael Barrett sold 9,994 shares of Expensify stock. The stock was sold at an average price of $1.92, for a total value of $19,188.48.
• On Friday, July 26th, David Michael Barrett sold 13,140 shares of Expensify stock. The stock was sold at an average price of $1.93, for a total value of $25,360.20.
• On Wednesday, July 24th, David Michael Barrett sold 12,850 shares of Expensify stock. The shares were sold at an average price of $1.98, for a total value of $25,443.00.

Expensify Price Performance

EXFY opened at $2.24 on Friday. Expensify, Inc. has a one year low of $1.24 and a one year high of $3.42. The business has a 50 day simple moving average of $2.14 and a two-hundred day simple moving average of $1.83. The firm has a market capitalization of $193.75 million, a price-to-earnings ratio of -4.67 and a beta of 1.54.

Expensify (NASDAQ:EXFY) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $33.29 million for the quarter, compared to the consensus estimate of $35.69 million. Expensify had a negative net margin of 22.41% and a negative return on equity of 29.82%. As a group, sell-side analysts expect that Expensify, Inc. will post -0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Expensify

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Expensify by 16.6% during the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after buying an additional 476,687 shares during the period. Palogic Value Management L.P. grew its holdings in shares of Expensify by 33.3% during the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after acquiring an additional 200,000 shares during the period. Acadian Asset Management LLC raised its position in shares of Expensify by 74.4% in the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after acquiring an additional 129,689 shares in the last quarter. CastleKnight Management LP lifted its stake in shares of Expensify by 79.5% in the 4th quarter. CastleKnight Management LP now owns 131,200 shares of the company’s stock valued at $324,000 after purchasing an additional 58,100 shares during the period. Finally, Wealthspire Advisors LLC boosted its position in shares of Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after purchasing an additional 19,157 shares in the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EXFY. JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price objective on the stock in a research report on Friday, August 9th. Morgan Stanley raised Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th.

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.