Expensify (NASDAQ:EXFY) CEO Sells $25,500.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $0.85, for a total transaction of $25,500.00. Following the completion of the sale, the chief executive officer directly owned 1,198,480 shares of the company’s stock, valued at approximately $1,018,708. This trade represents a 2.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 24th, David Michael Barrett sold 10,114 shares of Expensify stock. The shares were sold at an average price of $0.84, for a total transaction of $8,495.76.
• On Tuesday, March 17th, David Michael Barrett sold 2,692 shares of Expensify stock. The shares were sold at an average price of $0.76, for a total transaction of $2,045.92.
• On Monday, June 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.15, for a total transaction of $34,500.00.
• On Friday, May 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.08, for a total transaction of $32,400.00.

Expensify Price Performance

Shares of EXFY opened at $1.26 on Friday. Expensify, Inc. has a 1-year low of $0.69 and a 1-year high of $2.64. The stock has a market cap of $106.19 million, a PE ratio of -5.48 and a beta of 1.79. The firm has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.21.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Expensify had a negative net margin of 14.68% and a negative return on equity of 15.26%. The company had revenue of $33.97 million during the quarter, compared to analysts’ expectations of $34.25 million.

Institutional Investors Weigh In On Expensify

Institutional investors and hedge funds have recently made changes to their positions in the business. Abel Hall LLC purchased a new stake in shares of Expensify in the fourth quarter valued at about $25,000. HRT Financial LP purchased a new stake in shares of Expensify in the fourth quarter valued at about $68,000. Coldstream Capital Management Inc. purchased a new stake in shares of Expensify in the third quarter valued at about $93,000. Prelude Capital Management LLC raised its holdings in shares of Expensify by 68.5% in the third quarter. Prelude Capital Management LLC now owns 36,400 shares of the company’s stock valued at $67,000 after buying an additional 14,800 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Expensify in the third quarter valued at about $34,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Expensify

Here are the key news stories impacting Expensify this week:

• Positive Sentiment: Expensify finalized its modified Dutch auction tender offer, accepting 6,053,023 shares at $1.20 each and reducing Class A shares outstanding by roughly 6.8%, a move that may help earnings and cash flow metrics on a per-share basis. Expensify, Inc. Announces Final Results of Tender Offer
• Positive Sentiment: Earlier preliminary tender offer results pointed to a similar outcome, reinforcing expectations for meaningful share count reduction and likely contributing to buying interest in EXFY. Expensify, Inc. Announces Preliminary Results of Tender Offer
• Neutral Sentiment: Multiple insider sales by the CEO, CFO, and directors were disclosed, but most were small, routine transactions tied to tax withholding or pre-arranged trading plans, making them less likely to be the main driver of the stock move today.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EXFY shares. Wall Street Zen raised shares of Expensify from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expensify in a report on Friday, May 1st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $2.50.

Expensify Company Profile

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.