David Michael Barrett Sells 30,000 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $3.50, for a total value of $105,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,203,787 shares in the company, valued at approximately $7,713,254.50. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The stock was sold at an average price of $3.41, for a total value of $110,732.93.
• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The stock was sold at an average price of $3.83, for a total value 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 value of $50,964.48.
• 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 value of $44,971.14.
• 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 value 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 value of $160,703.76.

Expensify Stock Up 1.5 %

NASDAQ EXFY opened at $3.40 on Friday. The stock has a market cap of $262.34 million, a PE ratio of -18.89 and a beta of 1.85. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13. The business has a 50 day moving average price of $3.38 and a two-hundred day moving average price of $2.49.

Hedge Funds Weigh In On Expensify

Institutional investors and hedge funds have recently bought and sold shares of the stock. Walleye Capital LLC boosted its holdings in Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after acquiring an additional 178,911 shares during the period. Geode Capital Management LLC boosted its holdings in Expensify by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after acquiring an additional 52,385 shares during the period. Marshall Wace LLP purchased a new position in Expensify in the 2nd quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Expensify in the 2nd quarter worth approximately $86,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Expensify by 25.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after purchasing an additional 63,052 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EXFY shares. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup lifted their price objective on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

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.