David Michael Barrett Sells 27,331 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 27,331 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $3.36, for a total value of $91,832.16. Following the transaction, the chief executive officer now directly owns 1,889,948 shares in the company, valued at approximately $6,350,225.28. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, March 21st, David Michael Barrett sold 2,900 shares of Expensify stock. The stock was sold at an average price of $3.20, for a total transaction of $9,280.00.
• On Wednesday, March 19th, David Michael Barrett sold 37,001 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total transaction of $120,993.27.
• On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The stock was sold at an average price of $3.43, for a total transaction of $109,008.83.
• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The shares were sold at an average price of $3.68, for a total value of $167,966.24.
• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The stock was sold at an average price of $3.27, for a total value 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 value of $120,479.48.
• 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, 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.

Expensify Stock Up 3.1 %

NASDAQ:EXFY traded up $0.10 during mid-day trading on Monday, reaching $3.35. The company's stock had a trading volume of 301,062 shares, compared to its average volume of 664,786. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The stock has a fifty day moving average of $3.51 and a 200-day moving average of $2.98. The firm has a market capitalization of $266.35 million, a PE ratio of -18.61 and a beta of 1.83.

Remove Ads

Expensify announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 27th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to buy up to 20.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Institutional Investors Weigh In On Expensify

Several hedge funds have recently modified their holdings of the business. Mariner LLC bought a new position in Expensify in the fourth quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its holdings in shares of Expensify by 1,194.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company's stock valued at $36,000 after acquiring an additional 9,997 shares during the period. SG Americas Securities LLC bought a new position in shares of Expensify in the 4th quarter worth $39,000. Alpine Global Management LLC purchased a new stake in shares of Expensify during the 4th quarter worth $40,000. Finally, R Squared Ltd bought a new stake in Expensify during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 68.42% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXFY. JMP Securities lowered shares of Expensify from an "outperform" rating to a "market perform" rating in a report on Monday, November 25th. Lake Street Capital raised their target price on shares of Expensify from $3.00 to $5.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Finally, Citigroup boosted their price target on Expensify from $4.00 to $5.00 and gave the company a "buy" rating in a report on Monday, December 16th.

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.