Expensify, Inc. (NASDAQ:EXFY) CEO Sells $95,151.90 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 54,685 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $1.74, for a total value of $95,151.90. Following the transaction, the chief executive officer now owns 1,324,438 shares of the company’s stock, valued at approximately $2,304,522.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 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 shares were sold at an average price of $1.91, for a total transaction of $22,207.57.
• On Monday, March 18th, David Michael Barrett sold 81,301 shares of Expensify stock. The stock was sold at an average price of $1.86, for a total transaction of $151,219.86.
• On Friday, March 15th, David Michael Barrett sold 80,082 shares of Expensify stock. The shares were sold at an average price of $1.97, for a total transaction of $157,761.54.
• On Monday, March 11th, David Michael Barrett sold 7,311 shares of Expensify stock. The stock was sold at an average price of $2.14, for a total value of $15,645.54.

Expensify Stock Performance

Shares of NASDAQ EXFY traded up $0.05 during trading on Thursday, hitting $1.84. The company had a trading volume of 341,579 shares, compared to its average volume of 655,373. Expensify, Inc. has a 52 week low of $1.52 and a 52 week high of $8.69. The business’s 50-day moving average is $1.85 and its 200 day moving average is $2.38. The company has a market cap of $129.87 million, a P/E ratio of -3.61 and a beta of 1.51.

Expensify (NASDAQ:EXFY) last announced its earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. During the same period last year, the firm earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. On average, research analysts expect that Expensify, Inc. will post -0.23 EPS for the current year.

Institutional Trading of Expensify

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in shares of Expensify by 287.3% during the second quarter. BlackRock Inc. now owns 4,116,270 shares of the company’s stock valued at $32,848,000 after acquiring an additional 3,053,582 shares during the period. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 1,431,326 shares during the period. SVB Wealth LLC boosted its stake in 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 purchasing an additional 1,309,037 shares during the period. State Street Corp boosted its stake in 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 purchasing an additional 801,183 shares during the period. Finally, Geode Capital Management LLC boosted its stake in 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 purchasing an additional 584,734 shares during the period. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

Expensify Company Profile

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.