Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 11,095 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 11,095 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.28, for a total value of $25,296.60. Following the sale, the chief executive officer now owns 173,820 shares in the company, valued at approximately $396,309.60. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction 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 transaction of $25,542.84.
• On Friday, August 9th, David Michael Barrett sold 12,801 shares of Expensify stock. The stock was sold at an average price of $1.98, for a total transaction 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 shares were 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 shares were 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 shares were 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 transaction of $19,188.48.
• On Friday, July 26th, David Michael Barrett sold 13,140 shares of Expensify stock. The shares were sold at an average price of $1.93, for a total transaction 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 Stock Down 1.8 %

Shares of EXFY opened at $2.24 on Thursday. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $3.46. The business has a 50-day simple moving average of $2.14 and a two-hundred day simple moving average of $1.83. The stock has a market cap of $193.75 million, a PE ratio of -4.67 and a beta of 1.54.

Expensify (NASDAQ:EXFY) last released its quarterly 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). Expensify had a negative net margin of 22.41% and a negative return on equity of 29.82%. The company had revenue of $33.29 million during the quarter, compared to the consensus estimate of $35.69 million. On average, equities research analysts expect that Expensify, Inc. will post -0.07 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on EXFY. JMP Securities raised Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price for the company in a research note on Friday, August 9th. Morgan Stanley upgraded Expensify from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 28th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Azora Capital LP bought a new stake in Expensify in the 4th quarter valued at about $61,000. Quadrature Capital Ltd bought a new stake in shares of Expensify during the first quarter valued at approximately $65,000. Marshall Wace LLP acquired a new position in shares of Expensify during the second quarter worth approximately $53,000. Aristides Capital LLC bought a new position in shares of Expensify in the 4th quarter worth $134,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Expensify in the 2nd quarter valued at $86,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

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.