Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 45,643 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 45,643 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $3.68, for a total transaction of $167,966.24. Following the sale, the chief executive officer now owns 2,026,590 shares of the company’s stock, valued at approximately $7,457,851.20. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was sold at an average price of $3.84, for a total transaction of $50,964.48.

Expensify Trading Down 5.5 %

Expensify stock opened at $3.26 on Friday. The firm has a 50-day moving average of $3.55 and a 200-day moving average of $2.80. The firm has a market cap of $251.54 million, a P/E ratio of -18.11 and a beta of 1.87. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13.

Hedge Funds Weigh In On Expensify

A number of institutional investors have recently bought and sold shares of EXFY. Mariner LLC bought a new position in Expensify in the fourth quarter worth about $34,000. Tower Research Capital LLC TRC raised its stake in Expensify by 1,194.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock worth $36,000 after buying an additional 9,997 shares in the last quarter. SG Americas Securities LLC bought a new position in Expensify in the fourth quarter worth about $39,000. Alpine Global Management LLC bought a new position in Expensify in the fourth quarter worth about $40,000. Finally, R Squared Ltd bought a new position in Expensify in the fourth quarter worth about $46,000. 68.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JMP Securities lowered shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th.

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.