Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 18,430 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $1.32, for a total transaction of $24,327.60. Following the completion of the transaction, the chief executive officer now directly owns 1,973,937 shares of the company’s stock, valued at approximately $2,605,596.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
David Michael Barrett also recently made the following trade(s):
- On Monday, June 24th, David Michael Barrett sold 16,860 shares of Expensify stock. The shares were sold at an average price of $1.46, for a total transaction of $24,615.60.
- On Monday, June 17th, David Michael Barrett sold 11,072 shares of Expensify stock. The shares were sold at an average price of $1.34, for a total transaction of $14,836.48.
- On Friday, June 14th, David Michael Barrett sold 17,740 shares of Expensify stock. The shares were sold at an average price of $1.38, for a total transaction of $24,481.20.
- On Wednesday, June 12th, David Michael Barrett sold 16,970 shares of Expensify stock. The shares were sold at an average price of $1.45, for a total transaction of $24,606.50.
- On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total value of $24,638.40.
- On Friday, June 7th, David Michael Barrett sold 16,780 shares of Expensify stock. The stock was sold at an average price of $1.47, for a total value of $24,666.60.
- On Wednesday, June 5th, David Michael Barrett sold 17,060 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total value of $24,566.40.
- On Monday, June 3rd, David Michael Barrett sold 16,910 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total value of $24,688.60.
- On Thursday, May 30th, David Michael Barrett sold 1,500 shares of Expensify stock. The stock was sold at an average price of $1.63, for a total value of $2,445.00.
- On Tuesday, May 28th, David Michael Barrett sold 14,390 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total value of $25,038.60.
Expensify Stock Performance
Shares of NASDAQ EXFY opened at $1.45 on Thursday. Expensify, Inc. has a one year low of $1.24 and a one year high of $8.25. The company’s fifty day moving average is $1.59 and its two-hundred day moving average is $1.81.
Institutional Investors Weigh In On Expensify
Several institutional investors and hedge funds have recently made changes to their positions in EXFY. SVB Wealth LLC boosted its position in shares of 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 buying an additional 1,309,037 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Expensify by 396.1% in the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after buying an additional 570,495 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Expensify by 16.6% in the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after buying an additional 476,687 shares in the last quarter. Palogic Value Management L.P. boosted its position in shares of Expensify by 33.3% in the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after buying an additional 200,000 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Expensify by 57,044.0% in the 4th quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock worth $398,000 after buying an additional 160,864 shares in the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have issued reports on EXFY shares. Citigroup dropped their price objective on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Expensify in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.20.
View Our Latest Stock Report on EXFY
About Expensify
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.
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