David Michael Barrett Sells 16,200 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 16,200 shares of Expensify stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1.53, for a total value of $24,786.00. Following the completion of the sale, the chief executive officer now directly owns 1,856,837 shares of the company’s stock, valued at approximately $2,840,960.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, June 28th, David Michael Barrett sold 16,630 shares of Expensify stock. The shares were sold at an average price of $1.49, for a total value of $24,778.70.
• On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The shares were sold at an average price of $1.51, for a total value of $24,613.00.
• 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 value of $24,615.60.
• On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The shares were sold at an average price of $1.32, for a total value of $24,327.60.
• 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 value 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 value 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 value of $24,606.50.
• On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The shares were 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 shares were 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.

Expensify Stock Performance

Shares of NASDAQ:EXFY traded down $0.06 during trading on Tuesday, hitting $1.50. The company’s stock had a trading volume of 204,705 shares, compared to its average volume of 624,806. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $8.25. The stock’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $1.79. The company has a market capitalization of $129.74 million, a PE ratio of -3.15 and a beta of 1.47.

Expensify (NASDAQ:EXFY) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The business had revenue of $33.50 million during the quarter, compared to analyst estimates of $35.56 million. During the same quarter last year, the firm posted ($0.07) EPS. The company’s revenue was down 16.5% compared to the same quarter last year. On average, equities analysts predict that Expensify, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC raised its stake in Expensify by 212.5% during the fourth quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after buying an additional 8,500 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Expensify during the third quarter valued at approximately $35,000. Corton Capital Inc. acquired a new stake in Expensify during the third quarter valued at approximately $37,000. Azora Capital LP acquired a new stake in Expensify during the fourth quarter valued at approximately $61,000. Finally, Mackenzie Financial Corp acquired a new stake in Expensify during the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

EXFY has been the topic of a number of recent research reports. Citigroup reduced their price objective on 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 upgraded Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. Finally, JMP Securities restated a “market perform” rating on shares of Expensify in a research note on Friday, June 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.20.

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.