Expensify, Inc. (NASDAQ:EXFY) CEO Sells $167,966.24 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 45,643 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $3.68, for a total transaction of $167,966.24. Following the completion of the sale, the chief executive officer now directly owns 2,026,590 shares in the company, valued at approximately $7,457,851.20. This represents a 2.20 % decrease in their ownership of the stock. The sale 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 Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The shares were sold at an average price of $3.43, for a total transaction of $109,008.83.
• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total transaction of $54,658.05.
• On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The shares were sold at an average price of $3.32, for a total transaction of $120,479.48.
• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The shares were sold at an average price of $3.41, for a total transaction of $110,732.93.
• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $3.50, for a total transaction of $105,000.00.
• 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 shares were sold at an average price of $3.84, for a total transaction of $50,964.48.

Expensify Stock Performance

Expensify stock traded down $0.12 during midday trading on Thursday, hitting $3.45. 352,916 shares of the company’s stock were exchanged, compared to its average volume of 332,600. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $4.13. The stock has a market cap of $266.20 million, a price-to-earnings ratio of -19.17 and a beta of 1.87. The firm’s 50 day simple moving average is $3.57 and its 200 day simple moving average is $2.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EXFY. Citigroup upped their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th. JMP Securities cut shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EXFY. GSA Capital Partners LLP purchased a new stake in shares of Expensify in the third quarter valued at about $183,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after acquiring an additional 28,731 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Expensify by 25.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after acquiring an additional 63,052 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Expensify by 100.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after acquiring an additional 22,504 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of Expensify by 42.1% in the third quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after acquiring an additional 178,911 shares in the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

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.