Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,819.60 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,910 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $1.56, for a total value of $24,819.60. Following the completion of the sale, the chief executive officer now directly owns 1,055,448 shares in the company, valued at $1,646,498.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, April 22nd, David Michael Barrett sold 14,844 shares of Expensify stock. The shares were sold at an average price of $1.68, for a total transaction of $24,937.92.
• On Friday, April 19th, David Michael Barrett sold 15,800 shares of Expensify stock. The shares were sold at an average price of $1.57, for a total value of $24,806.00.
• On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The shares were sold at an average price of $1.49, for a total transaction of $24,696.75.
• On Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The shares were sold at an average price of $1.44, for a total transaction of $24,753.60.
• On Thursday, April 11th, David Michael Barrett sold 16,740 shares of Expensify stock. The stock was sold at an average price of $1.48, for a total transaction of $24,775.20.
• On Monday, April 8th, David Michael Barrett sold 15,992 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total transaction of $24,787.60.
• On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value of $24,776.75.
• On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total transaction of $24,793.44.
• On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The shares were sold at an average price of $1.75, for a total transaction of $23,275.00.
• On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total value of $95,151.90.

Expensify Price Performance

Shares of NASDAQ EXFY traded down $0.01 during mid-day trading on Thursday, hitting $1.64. 497,609 shares of the company’s stock traded hands, compared to its average volume of 637,703. The company has a market capitalization of $115.75 million, a P/E ratio of -3.13 and a beta of 1.49. Expensify, Inc. has a 1 year low of $1.40 and a 1 year high of $8.25. The company’s 50-day moving average is $1.80 and its two-hundred day moving average is $2.13.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.06). Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The business had revenue of $35.20 million during the quarter, compared to the consensus estimate of $36.85 million. During the same period last year, the company earned ($0.04) EPS. The business’s revenue was down 19.1% compared to the same quarter last year. Equities analysts anticipate that Expensify, Inc. will post -0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup decreased their target price on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday. Piper Sandler dropped their price objective on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.93.

Hedge Funds Weigh In On Expensify

Several institutional investors and hedge funds have recently bought and sold shares 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 worth $30,000 after purchasing an additional 8,500 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Expensify during the third quarter valued at $35,000. Corton Capital Inc. purchased a new position in shares of Expensify in the 3rd quarter valued at about $37,000. SG Americas Securities LLC acquired a new position in shares of Expensify during the 3rd quarter worth approximately $51,000. Finally, Azora Capital LP purchased a new position in Expensify during the fourth quarter valued at $61,000. 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.