Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 16,860 Shares of Stock

Posted by MarketBeat News on Jun 25th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 16,860 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $1.46, for a total value of $24,615.60. Following the completion of the transaction, the chief executive officer now owns 1,939,407 shares in the company, valued at $2,831,534.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The shares were sold at an average price of $1.32, for a total value of $24,327.60.
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 Friday, June 14th, David Michael Barrett sold 17,740 shares of Expensify stock. The stock was sold at an average price of $1.38, for a total transaction of $24,481.20.
On Wednesday, June 12th, David Michael Barrett sold 16,970 shares of Expensify stock. The shares were sold at an average price of $1.45, for a total value 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 value of $24,638.40.
On Friday, June 7th, David Michael Barrett sold 16,780 shares of Expensify stock. The shares were sold at an average price of $1.47, for a total value of $24,666.60.
On Wednesday, June 5th, David Michael Barrett sold 17,060 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total value 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 shares were 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 stock was sold at an average price of $1.74, for a total transaction of $25,038.60.

Expensify Trading Up 4.9 %

Shares of NASDAQ:EXFY opened at $1.51 on Tuesday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $8.25. The company’s 50 day moving average is $1.59 and its two-hundred day moving average is $1.82. The company has a market cap of $130.61 million, a PE ratio of -3.15 and a beta of 1.46.

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

Analyst Ratings Changes

A number of research firms have issued reports on EXFY. Morgan Stanley upgraded shares of Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th. JMP Securities reiterated a “market perform” rating on shares of Expensify in a report on Friday, June 14th. Finally, Citigroup reduced their target price on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $4.20.

View Our Latest Analysis on EXFY

Institutional Investors Weigh In On Expensify

Large investors have recently modified their holdings of the company. Barclays PLC grew its position in shares of Expensify by 433.4% in the 3rd quarter. Barclays PLC now owns 105,759 shares of the company’s stock valued at $344,000 after buying an additional 85,931 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Expensify in the 3rd quarter valued at $134,000. Hsbc Holdings PLC grew its position in shares of Expensify by 63.5% in the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock valued at $184,000 after buying an additional 21,700 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Expensify in the 3rd quarter valued at $156,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Expensify by 287.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 108,415 shares of the company’s stock valued at $352,000 after buying an additional 80,410 shares during the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

Expensify Company Profile

(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.