Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 36,289 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 36,289 shares of Expensify stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $3.32, for a total transaction of $120,479.48. Following the sale, the chief executive officer now owns 2,110,914 shares of the company’s stock, valued at approximately $7,008,234.48. The trade was a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The stock was sold at an average price of $3.27, for a total transaction of $54,658.05.
• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The stock was sold at an average price of $3.41, for a total transaction of $110,732.93.
• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $3.50, for a total value of $105,000.00.
• 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 value of $23,562.16.
• On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The shares were sold at an average price of $3.84, for a total value of $50,964.48.
• 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 value 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 transaction 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 transaction of $160,703.76.

Expensify Stock Performance

NASDAQ EXFY opened at $3.33 on Friday. The stock has a market cap of $256.93 million, a P/E ratio of -18.50 and a beta of 1.85. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13. The stock has a 50 day simple moving average of $3.42 and a two-hundred day simple moving average of $2.54.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter. The business had revenue of $35.41 million during the quarter. Expensify had a negative return on equity of 14.72% and a negative net margin of 11.81%. During the same period last year, the firm earned ($0.21) earnings per share. Sell-side analysts predict that Expensify, Inc. will post -0.07 earnings per share for the current year.

Analysts Set New Price Targets

EXFY has been the subject of several recent research reports. Citigroup boosted their price target on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

Institutional Investors Weigh In On Expensify

A number of large investors have recently modified their holdings of the stock. Marshall Wace LLP purchased a new stake in Expensify in the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Expensify in the 2nd quarter worth approximately $86,000. GSA Capital Partners LLP purchased a new position in shares of Expensify in the 3rd quarter valued at approximately $183,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Expensify by 76.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after buying an additional 28,731 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Expensify by 25.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after acquiring an additional 63,052 shares in the last quarter. Institutional investors own 68.42% of the company’s stock.

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.