Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 13,272 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 13,272 shares of Expensify stock in a transaction on Monday, December 16th. The shares were sold at an average price of $3.84, for a total transaction of $50,964.48. Following the completion of the sale, the chief executive officer now owns 1,207,675 shares of the company’s stock, valued at $4,637,472. This represents a 1.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The stock was sold at an average price of $3.83, for a total transaction of $23,562.16.
• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The stock was sold at an average price of $2.91, for a total transaction of $44,971.14.
• On Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The stock was sold at an average price of $2.70, for a total value of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The shares were sold at an average price of $2.76, for a total value of $160,703.76.

Expensify Trading Down 6.5 %

Shares of Expensify stock opened at $3.61 on Thursday. The stock has a fifty day simple moving average of $2.65 and a 200 day simple moving average of $2.18. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $4.13. The company has a market capitalization of $278.53 million, a P/E ratio of -20.05 and a beta of 1.90.

Institutional Trading of Expensify

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Expensify by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after buying an additional 52,385 shares in the last quarter. XTX Topco Ltd increased its position in shares of Expensify by 29.6% during the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock valued at $135,000 after acquiring an additional 15,730 shares during the last quarter. RBF Capital LLC lifted its holdings in Expensify by 10.9% during the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock worth $946,000 after acquiring an additional 47,389 shares during the period. Walleye Capital LLC boosted its position in Expensify by 42.1% in the third quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after purchasing an additional 178,911 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after purchasing an additional 22,504 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Monday. JMP Securities lowered shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th.

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.