Expensify, Inc. (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 Wednesday, January 15th. The stock was sold at an average price of $3.50, for a total value of $105,000.00. Following the completion of the sale, the chief executive officer now owns 2,203,787 shares of the company’s stock, valued at approximately $7,713,254.50. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The stock was sold at an average price of $3.41, for a total transaction of $110,732.93.
• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The shares were sold at an average price of $3.83, for a total transaction of $23,562.16.
• On Monday, December 16th, David Michael Barrett sold 13,272 shares of Expensify stock. The stock was sold at an average price of $3.84, for a total transaction of $50,964.48.
• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The shares were sold at an average price of $2.91, for a total transaction of $44,971.14.
• On Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The shares were sold at an average price of $2.70, for a total value of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The stock was sold at an average price of $2.76, for a total value of $160,703.76.

Expensify Stock Performance

Shares of EXFY opened at $3.40 on Friday. The firm has a market capitalization of $262.34 million, a P/E ratio of -18.89 and a beta of 1.85. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13. The stock has a 50 day moving average price of $3.38 and a two-hundred day moving average price of $2.49.

Institutional Investors Weigh In On Expensify

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Expensify during the 4th quarter valued at $39,000. Marshall Wace LLP purchased a new stake in shares of Expensify in the second quarter valued at about $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Expensify during the second quarter valued at about $86,000. Dynamic Technology Lab Private Ltd boosted its holdings in Expensify by 100.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after purchasing an additional 22,504 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Expensify by 76.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after purchasing an additional 28,731 shares in the last quarter. Institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

EXFY has been the subject of several recent research reports. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup boosted their price target on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

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.