David Michael Barrett Sells 17,740 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 17,740 shares of Expensify stock in a transaction on Friday, June 14th. The shares were sold at an average price of $1.38, for a total transaction of $24,481.20. Following the completion of the sale, the chief executive officer now owns 2,044,497 shares in the company, valued at $2,821,405.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 17th, David Michael Barrett sold 11,072 shares of Expensify stock. The stock was sold at an average price of $1.34, for a total transaction of $14,836.48.
• On Wednesday, June 12th, David Michael Barrett sold 16,970 shares of Expensify stock. The stock was sold at an average price of $1.45, for a total transaction of $24,606.50.
• On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total transaction of $24,638.40.
• On Friday, June 7th, David Michael Barrett sold 16,780 shares of Expensify stock. The stock was sold at an average price of $1.47, for a total transaction of $24,666.60.
• On Wednesday, June 5th, David Michael Barrett sold 17,060 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total transaction of $24,566.40.
• On Monday, June 3rd, David Michael Barrett sold 16,910 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total transaction of $24,688.60.
• On Thursday, May 30th, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.63, for a total transaction of $2,445.00.
• On Tuesday, May 28th, David Michael Barrett sold 14,390 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total transaction of $25,038.60.
• On Friday, May 24th, David Michael Barrett sold 15,030 shares of Expensify stock. The shares were sold at an average price of $1.66, for a total transaction of $24,949.80.
• On Wednesday, May 22nd, David Michael Barrett sold 14,680 shares of Expensify stock. The shares were sold at an average price of $1.70, for a total transaction of $24,956.00.

Expensify Trading Down 3.8 %

Shares of EXFY opened at $1.28 on Thursday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $8.25. The stock has a fifty day moving average price of $1.59 and a 200-day moving average price of $1.85.

Expensify (NASDAQ:EXFY) last announced its earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.12). The business had revenue of $33.50 million for the quarter, compared to analyst estimates of $35.56 million. Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The company’s quarterly revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share. As a group, analysts forecast that Expensify, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on EXFY. Citigroup lowered their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Piper Sandler lowered their price objective 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. Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. Finally, JMP Securities restated a “market perform” rating on shares of Expensify in a report on Friday, June 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Expensify currently has an average rating of “Hold” and a consensus price target of $4.20.

Hedge Funds Weigh In On Expensify

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its position in Expensify by 63.5% during the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock worth $184,000 after purchasing an additional 21,700 shares during the last quarter. Barclays PLC grew its position in Expensify by 433.4% during the 3rd quarter. Barclays PLC now owns 105,759 shares of the company’s stock worth $344,000 after purchasing an additional 85,931 shares during the last quarter. Walleye Capital LLC grew its position in Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after purchasing an additional 570,495 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Expensify during the 3rd quarter worth approximately $134,000. Finally, Quadrature Capital Ltd purchased a new stake in Expensify during the 3rd quarter worth approximately $35,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

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.