David Michael Barrett Sells 58,226 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 58,226 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76. Following the completion of the sale, the chief executive officer now owns 2,508,867 shares of the company’s stock, valued at approximately $6,924,472.92. This represents a 2.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The shares were sold at an average price of $2.91, for a total transaction of $44,971.14.
• On Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The stock was sold at an average price of $2.70, for a total value of $121,753.80.
• On Monday, September 16th, David Michael Barrett sold 11,095 shares of Expensify stock. The shares were sold at an average price of $2.28, for a total value of $25,296.60.
• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The stock was sold at an average price of $2.34, for a total value of $1,511,494.92.

Expensify Trading Up 10.8 %

Expensify stock opened at $3.07 on Thursday. The company has a market capitalization of $236.87 million, a price-to-earnings ratio of -17.06 and a beta of 1.51. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $3.12. The stock’s 50 day moving average is $2.10 and its 200-day moving average is $1.93.

Institutional Investors Weigh In On Expensify

A number of hedge funds and other institutional investors have recently modified their holdings of EXFY. Quadrature Capital Ltd acquired a new stake in Expensify in the 1st quarter worth about $65,000. Marshall Wace LLP acquired a new stake in shares of Expensify in the second quarter valued at approximately $53,000. Dynamic Technology Lab Private Ltd raised its position in shares of Expensify by 100.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after buying an additional 22,504 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify in the second quarter valued at approximately $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Expensify by 76.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after buying an additional 28,731 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.