Expensify, Inc. (NASDAQ:EXFY) CEO Sells $25,020.45 in Stock

Posted by John. R. Edwardson on May 23rd, 2024

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 14,805 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $1.69, for a total value of $25,020.45. Following the sale, the chief executive officer now owns 834,017 shares of the company’s stock, valued at $1,409,488.73. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

On Wednesday, May 22nd, David Michael Barrett sold 14,680 shares of Expensify stock. The stock was sold at an average price of $1.70, for a total value of $24,956.00.
On Monday, May 20th, David Michael Barrett sold 14,643 shares of Expensify stock. The stock was sold at an average price of $1.70, for a total value of $24,893.10.
On Wednesday, May 15th, David Michael Barrett sold 14,346 shares of Expensify stock. The stock was sold at an average price of $1.75, for a total value of $25,105.50.
On Monday, May 13th, David Michael Barrett sold 14,091 shares of Expensify stock. The stock was sold at an average price of $1.78, for a total value of $25,081.98.
On Friday, May 10th, David Michael Barrett sold 14,530 shares of Expensify stock. The stock was sold at an average price of $1.73, for a total value of $25,136.90.
On Wednesday, May 8th, David Michael Barrett sold 14,453 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total value of $25,148.22.
On Monday, May 6th, David Michael Barrett sold 14,510 shares of Expensify stock. The stock was sold at an average price of $1.72, for a total value of $24,957.20.
On Friday, May 3rd, David Michael Barrett sold 15,180 shares of Expensify stock. The stock was sold at an average price of $1.64, for a total value of $24,895.20.
On Wednesday, May 1st, David Michael Barrett sold 15,480 shares of Expensify stock. The stock was sold at an average price of $1.61, for a total value of $24,922.80.
On Monday, April 29th, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.61, for a total value of $2,415.00.

Expensify Trading Up 0.9 %

EXFY opened at $1.72 on Thursday. Expensify, Inc. has a one year low of $1.40 and a one year high of $8.25. The business’s 50 day moving average price is $1.69 and its 200 day moving average price is $1.97.

Expensify (NASDAQ:EXFY – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The business had revenue of $33.50 million during the quarter, compared to analyst estimates of $35.56 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s revenue was down 16.5% on a year-over-year basis. As a group, analysts predict that Expensify, Inc. will post -0.12 earnings per share for the current year.

Institutional Trading of Expensify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC raised its position in Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock valued at $8,297,000 after purchasing an additional 1,309,037 shares during the period. Vanguard Group Inc. raised its position in Expensify by 16.6% in the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares during the period. Palogic Value Management L.P. raised its position in Expensify by 33.3% in the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after purchasing an additional 200,000 shares during the period. Walleye Capital LLC raised its position in Expensify by 396.1% in the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after purchasing an additional 570,495 shares during the period. Finally, Acadian Asset Management LLC raised its position in Expensify by 74.4% in the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after purchasing an additional 129,689 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EXFY shares. Piper Sandler lowered their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Friday, February 23rd. Citigroup lowered their target price on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.20.

Get Our Latest Analysis on Expensify

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.