David Michael Barrett Sells 16,630 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,630 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $1.49, for a total value of $24,778.70. Following the completion of the sale, the chief executive officer now directly owns 1,873,037 shares in the company, valued at $2,790,825.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 1st, David Michael Barrett sold 16,200 shares of Expensify stock. The shares were sold at an average price of $1.53, for a total value of $24,786.00.
• On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The shares were 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 shares were 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 stock was sold at an average price of $1.44, for a total value of $24,566.40.

Expensify Stock Performance

Shares of EXFY opened at $1.52 on Thursday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $8.25. The company has a 50-day moving average price of $1.58 and a two-hundred day moving average price of $1.78.

Expensify (NASDAQ:EXFY) last posted its earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share (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 the consensus estimate of $35.56 million. During the same quarter last year, the firm posted ($0.07) EPS. The business’s revenue was down 16.5% on a year-over-year basis. Analysts expect that Expensify, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC raised its stake in shares of Expensify by 212.5% in the fourth 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 in the third quarter valued at approximately $35,000. Corton Capital Inc. bought a new position in shares of Expensify in the third quarter valued at approximately $37,000. Azora Capital LP bought a new position in shares of Expensify in the fourth quarter valued at approximately $61,000. Finally, Mackenzie Financial Corp bought a new position in Expensify in the 4th quarter worth approximately $75,000. Institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. JMP Securities restated a “market perform” rating on shares of Expensify in a research note on Friday, June 14th. Finally, Citigroup cut their price target on shares of Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.20.

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.