Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 31,781 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 31,781 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $3.43, for a total transaction of $109,008.83. Following the completion of the sale, the chief executive officer now directly owns 1,947,372 shares of the company's stock, valued at $6,679,485.96. The trade was a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The stock was sold at an average price of $3.68, for a total transaction 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 transaction of $54,658.05.
• On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The stock was 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 stock was 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 stock was 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 stock was 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 value of $50,964.48.

Expensify Stock Performance

Shares of NASDAQ EXFY traded down $0.19 during trading hours on Friday, hitting $3.26. The stock had a trading volume of 373,208 shares, compared to its average volume of 323,931. The company has a market capitalization of $251.54 million, a P/E ratio of -18.11 and a beta of 1.87. The firm's 50-day moving average price is $3.55 and its two-hundred day moving average price is $2.80. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13.

Institutional Investors Weigh In On Expensify

Large investors have recently added to or reduced their stakes in the stock. Mariner LLC bought a new stake in Expensify during the fourth quarter worth approximately $34,000. Tower Research Capital LLC TRC boosted its position in Expensify by 1,194.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company's stock worth $36,000 after purchasing an additional 9,997 shares during the period. SG Americas Securities LLC bought a new stake in Expensify during the fourth quarter worth approximately $39,000. Alpine Global Management LLC acquired a new position in shares of Expensify during the fourth quarter worth approximately $40,000. Finally, R Squared Ltd acquired a new position in shares of Expensify during the fourth quarter worth approximately $46,000. Institutional investors own 68.42% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXFY. Citigroup boosted their price objective on Expensify from $4.00 to $5.00 and gave the stock a "buy" rating in a report on Monday, December 16th. JMP Securities downgraded Expensify from an "outperform" rating to a "market perform" rating in a report on Monday, November 25th.

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.