Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells $44,971.14 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,454 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $2.91, for a total value of $44,971.14. Following the completion of the sale, the chief executive officer now directly owns 2,378,319 shares in the company, valued at $6,920,908.29. This represents a 0.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 transaction of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76.
• On Monday, September 16th, David Michael Barrett sold 11,095 shares of Expensify stock. The stock was sold at an average price of $2.28, for a total transaction of $25,296.60.
• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The shares were sold at an average price of $2.34, for a total transaction of $1,511,494.92.

Expensify Stock Up 2.4 %

EXFY opened at $3.40 on Friday. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $3.47. The business has a 50-day moving average of $2.12 and a 200-day moving average of $1.94.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price for the company in a research report on Friday, August 9th.

Institutional Investors Weigh In On Expensify

Several institutional investors and hedge funds have recently modified their holdings of EXFY. Vanguard Group Inc. increased its position in Expensify by 16.6% during the first 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 during the last quarter. Walleye Capital LLC increased its holdings in shares of Expensify by 42.1% during the 3rd 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 during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Expensify by 74.4% during the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after acquiring an additional 129,689 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Expensify in the 3rd quarter valued at approximately $183,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Expensify by 25.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after purchasing an additional 63,052 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

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.