Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 17,190 Shares

Posted by Lindsey Winhoffer on Apr 18th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 17,190 shares of Expensify stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1.44, for a total transaction of $24,753.60. Following the completion of the transaction, the chief executive officer now owns 1,165,774 shares of the company’s stock, valued at approximately $1,678,714.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

On Wednesday, April 17th, David Michael Barrett sold 16,575 shares of Expensify stock. The stock was sold at an average price of $1.49, for a total transaction of $24,696.75.
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 shares were 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 shares were sold at an average price of $1.55, for a total transaction of $24,776.75.
On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The shares were 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 stock was 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 transaction of $95,151.90.
On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The stock was sold at an average price of $1.77, for a total transaction of $151,742.10.
On Friday, March 22nd, David Michael Barrett sold 83,289 shares of Expensify stock. The stock was sold at an average price of $1.82, for a total transaction of $151,585.98.
On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The stock was sold at an average price of $1.91, for a total transaction of $22,207.57.

Expensify Price Performance

Expensify stock traded up $0.06 during mid-day trading on Wednesday, reaching $1.51. 692,530 shares of the company traded hands, compared to its average volume of 632,053. The firm’s 50 day moving average price is $1.81 and its 200 day moving average price is $2.18. The firm has a market capitalization of $106.58 million, a price-to-earnings ratio of -2.96 and a beta of 1.49. Expensify, Inc. has a 52-week low of $1.40 and a 52-week high of $8.64.

Expensify (NASDAQ:EXFY – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.06). The business had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.04) earnings per share. On average, sell-side analysts anticipate that Expensify, Inc. will post -0.19 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler decreased their target price on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Expensify presently has an average rating of “Hold” and an average target price of $6.50.

Get Our Latest Stock Analysis on Expensify

Institutional Trading of Expensify

A number of hedge funds and other institutional investors have recently modified their holdings of EXFY. BlackRock Inc. grew its position in shares of Expensify by 287.3% in the 2nd quarter. BlackRock Inc. now owns 4,116,270 shares of the company’s stock worth $32,848,000 after buying an additional 3,053,582 shares during the period. Vanguard Group Inc. grew its position in shares of Expensify by 58.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,866,629 shares of the company’s stock worth $57,536,000 after buying an additional 1,431,326 shares during the period. SVB Wealth LLC grew its position in shares of Expensify by 63.9% in the 4th quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after buying an additional 1,309,037 shares during the period. State Street Corp grew its position in shares of Expensify by 252.3% in the 2nd quarter. State Street Corp now owns 1,118,721 shares of the company’s stock worth $8,927,000 after buying an additional 801,183 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Expensify by 135.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,015,984 shares of the company’s stock worth $8,108,000 after buying an additional 584,734 shares during the period. 68.42% of the stock is owned by hedge funds and other institutional investors.

Expensify Company Profile

(Get Free Report)

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.