David Michael Barrett Sells 16,200 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,200 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $1.53, for a total transaction of $24,786.00. Following the completion of the transaction, the chief executive officer now owns 1,856,837 shares in the company, valued at approximately $2,840,960.61. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, June 28th, David Michael Barrett sold 16,630 shares of Expensify stock. The stock was sold at an average price of $1.49, for a total value of $24,778.70.
• On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The stock was sold at an average price of $1.51, for a total value of $24,613.00.
• On Monday, June 24th, David Michael Barrett sold 16,860 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total value of $24,615.60.
• On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The stock was 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 value 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 value of $24,481.20.
• 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 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 stock was 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 transaction of $24,566.40.

Expensify Price Performance

Expensify stock opened at $1.52 on Thursday. The firm has a 50 day moving average of $1.58 and a 200 day moving average of $1.78. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $8.25.

Expensify (NASDAQ:EXFY) last released 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 firm had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The company’s revenue was down 16.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) earnings per share. Sell-side analysts predict that Expensify, Inc. will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on EXFY. JMP Securities reaffirmed a “market perform” rating on shares of Expensify in a research report on Friday, June 14th. Citigroup reduced their price target 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. Finally, Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Expensify has an average rating of “Hold” and an average target price of $4.20.

Institutional Investors Weigh In On Expensify

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXFY. FNY Investment Advisers LLC boosted 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 last quarter. Quadrature Capital Ltd bought a new position in shares of Expensify during the 3rd quarter valued at approximately $35,000. Corton Capital Inc. bought a new position in shares of Expensify during the 3rd quarter valued at approximately $37,000. Azora Capital LP bought a new position in shares of Expensify during the 4th quarter valued at approximately $61,000. Finally, Mackenzie Financial Corp bought a new position in shares of Expensify during the 4th quarter valued at approximately $75,000. 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.