Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,696.75 in Stock

Posted by Alanna Baker on Apr 18th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 16,575 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $1.49, for a total transaction of $24,696.75. Following the completion of the sale, the chief executive officer now owns 1,132,249 shares in the company, valued at approximately $1,687,051.01. 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 Monday, April 15th, David Michael Barrett sold 17,190 shares of Expensify stock. The stock was 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 transaction 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 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 shares were 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 shares were 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 shares were sold at an average price of $1.91, for a total transaction of $22,207.57.

Expensify Stock Up 4.1 %

EXFY opened at $1.51 on Thursday. Expensify, Inc. has a 52-week low of $1.40 and a 52-week high of $8.64. The firm’s fifty day simple moving average is $1.81 and its two-hundred day simple moving average is $2.18.

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

Wall Street Analyst Weigh In

Separately, Piper Sandler dropped their price target on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research 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’s stock. Based on data from MarketBeat, Expensify currently has an average rating of “Hold” and a consensus target price of $6.50.

Check Out Our Latest Research Report on Expensify

Hedge Funds Weigh In On Expensify

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its stake in shares of Expensify by 63.5% in the third quarter. Hsbc Holdings PLC now owns 55,876 shares of the company’s stock worth $184,000 after buying an additional 21,700 shares in the last quarter. Barclays PLC lifted its stake in shares of Expensify by 433.4% in the third quarter. Barclays PLC now owns 105,759 shares of the company’s stock worth $344,000 after buying an additional 85,931 shares in the last quarter. Walleye Capital LLC lifted its stake in shares of Expensify by 396.1% in the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after buying an additional 570,495 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Expensify in the third quarter worth about $134,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Expensify in the third quarter worth about $35,000. 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.