David Michael Barrett Sells 11,627 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 11,627 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $1.91, for a total transaction of $22,207.57. Following the sale, the chief executive officer now owns 133,668 shares of the company’s stock, valued at approximately $255,305.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction of $151,585.98.
• On Monday, March 18th, David Michael Barrett sold 81,301 shares of Expensify stock. The shares were 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 shares were sold at an average price of $2.14, for a total transaction of $15,645.54.

Expensify Trading Up 2.8 %

EXFY traded up $0.05 on Thursday, reaching $1.84. The company had a trading volume of 341,579 shares, compared to its average volume of 655,373. The company has a fifty day moving average of $1.85 and a 200-day moving average of $2.38. The company has a market capitalization of $129.87 million, a P/E ratio of -3.61 and a beta of 1.51. Expensify, Inc. has a one year low of $1.52 and a one year high of $8.69.

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). The company had revenue of $35.20 million during the quarter, compared to the consensus estimate of $36.85 million. Expensify had a negative net margin of 27.70% and a negative return on equity of 41.91%. The business’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.04) EPS. Research analysts predict that Expensify, Inc. will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Expensify

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Expensify by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 46,958 shares of the company’s stock valued at $825,000 after buying an additional 1,123 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Expensify by 117.8% during the 3rd 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Expensify by 1.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 72,991 shares of the company’s stock valued at $1,282,000 after purchasing an additional 1,297 shares in the last quarter. UBS Group AG bought a new position in shares of Expensify during the 3rd quarter valued at about $56,000. Finally, State of Wyoming boosted its position in shares of Expensify by 63.5% during the 2nd quarter. State of Wyoming now owns 11,072 shares of the company’s stock valued at $88,000 after purchasing an additional 4,302 shares in the last quarter. Institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reduced their price target on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.