Expensify (NASDAQ:EXFY) CEO David Michael Barrett Sells 30,000 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of Expensify stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $1.45, for a total value of $43,500.00. Following the transaction, the chief executive officer owned 1,318,480 shares in the company, valued at approximately $1,911,796. The trade was a 2.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, January 2nd, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.50, for a total transaction of $45,000.00.
• On Tuesday, December 30th, David Michael Barrett sold 14,463 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total value of $21,983.76.
• On Wednesday, December 17th, David Michael Barrett sold 2,544 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total value of $3,943.20.
• On Monday, December 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total value of $45,600.00.

Expensify Stock Performance

Shares of NASDAQ EXFY traded up $0.06 during mid-day trading on Wednesday, reaching $1.45. 827,496 shares of the company’s stock were exchanged, compared to its average volume of 446,369. The company’s 50-day moving average is $1.50 and its 200-day moving average is $1.69. The firm has a market capitalization of $117.22 million, a price-to-earnings ratio of -8.53 and a beta of 1.69. Expensify, Inc. has a 52-week low of $1.30 and a 52-week high of $4.00.

Expensify (NASDAQ:EXFY) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). Expensify had a negative net margin of 10.83% and a negative return on equity of 11.75%. The company had revenue of $35.07 million during the quarter, compared to analyst estimates of $35.65 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXFY. ProShare Advisors LLC purchased a new stake in Expensify during the 2nd quarter worth about $32,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in Expensify in the second quarter valued at approximately $32,000. Heron Bay Capital Management purchased a new position in Expensify in the second quarter worth approximately $37,000. Savant Capital LLC purchased a new stake in shares of Expensify in the 3rd quarter valued at approximately $30,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Expensify in the 4th quarter valued at $27,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Expensify in a research report on Monday, December 29th. Wall Street Zen downgraded Expensify from a “buy” rating to a “hold” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.50.

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.