David Michael Barrett Sells 16,575 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Posted by Emily Schoerning on Apr 18th, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 16,575 shares of Expensify stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $1.49, for a total value 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 $1,687,051.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value 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 value 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 value 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 value 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 value of $24,793.44.
On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The shares were sold at an average price of $1.75, for a total value of $23,275.00.
On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total value 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 value 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 value 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 value of $22,207.57.

Expensify Price Performance

Shares of EXFY traded up $0.06 during trading hours on Wednesday, hitting $1.51. The stock had a trading volume of 692,530 shares, compared to its average volume of 632,053. Expensify, Inc. has a 12 month low of $1.40 and a 12 month high of $8.64. The firm has a market capitalization of $106.58 million, a PE ratio of -2.96 and a beta of 1.49. The stock has a fifty day moving average price of $1.81 and a 200 day moving average price of $2.18.

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

Institutional Trading of Expensify

Hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC grew its holdings in Expensify by 212.5% during the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after purchasing an additional 8,500 shares during the period. Royal Bank of Canada grew its holdings in Expensify by 117.8% during the third quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after purchasing an additional 1,178 shares during the period. Quadrature Capital Ltd bought a new stake in Expensify during the third quarter valued at about $35,000. Ameritas Investment Partners Inc. bought a new stake in Expensify during the second quarter valued at about $36,000. Finally, Corton Capital Inc. bought a new stake in Expensify during the third quarter valued at about $37,000. Institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price objective on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research note 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.50.

Get Our Latest Stock Analysis on EXFY

About Expensify

(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.