Expensify, Inc. (NASDAQ:EXFY) CEO Sells $24,778.70 in Stock

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 16,630 shares of the business's stock in a transaction on Friday, June 28th. The stock was sold at an average price of $1.49, for a total transaction of $24,778.70. Following the sale, the chief executive officer now owns 1,873,037 shares in the company, valued at $2,790,825.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, July 1st, David Michael Barrett sold 16,200 shares of Expensify stock. The stock was sold at an average price of $1.53, for a total transaction of $24,786.00.
• On Wednesday, June 26th, David Michael Barrett sold 16,300 shares of Expensify stock. The stock was sold at an average price of $1.51, for a total transaction of $24,613.00.
• On Monday, June 24th, David Michael Barrett sold 16,860 shares of Expensify stock. The stock was sold at an average price of $1.46, for a total transaction of $24,615.60.
• On Thursday, June 20th, David Michael Barrett sold 18,430 shares of Expensify stock. The stock was sold at an average price of $1.32, for a total transaction of $24,327.60.
• On Monday, June 17th, David Michael Barrett sold 11,072 shares of Expensify stock. The stock was sold at an average price of $1.34, for a total transaction of $14,836.48.
• On Friday, June 14th, David Michael Barrett sold 17,740 shares of Expensify stock. The stock was sold at an average price of $1.38, for a total transaction of $24,481.20.
• On Wednesday, June 12th, David Michael Barrett sold 16,970 shares of Expensify stock. The stock was sold at an average price of $1.45, for a total transaction of $24,606.50.
• On Monday, June 10th, David Michael Barrett sold 17,110 shares of Expensify stock. The stock was sold at an average price of $1.44, for a total transaction of $24,638.40.
• On Friday, June 7th, David Michael Barrett sold 16,780 shares of Expensify stock. The stock was sold at an average price of $1.47, for a total transaction 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 transaction of $24,566.40.

Expensify Trading Down 3.8 %

Shares of NASDAQ EXFY traded down $0.06 on Tuesday, reaching $1.50. 204,705 shares of the company traded hands, 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 company has a 50 day moving average of $1.58 and a 200 day moving average of $1.79. The stock has a market capitalization of $129.74 million, a PE ratio of -3.15 and a beta of 1.47.

Expensify (NASDAQ:EXFY - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The company had revenue of $33.50 million for the quarter, compared to analyst estimates of $35.56 million. During the same period in the prior year, the company earned ($0.07) EPS. The company's revenue was down 16.5% compared to the same quarter last year. As a group, research analysts expect that Expensify, Inc. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EXFY. Citigroup cut their target price on shares of Expensify from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Tuesday, April 23rd. JMP Securities reissued a "market perform" rating on shares of Expensify in a research note on Friday, June 14th. Finally, Morgan Stanley raised shares of Expensify from an "underweight" rating to an "equal weight" rating in a research note on Tuesday, May 28th. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $4.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EXFY. FNY Investment Advisers LLC increased its stake in shares of Expensify by 212.5% during the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company's stock valued at $30,000 after acquiring an additional 8,500 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Expensify during the 3rd quarter worth approximately $35,000. Corton Capital Inc. acquired a new stake in Expensify during the 3rd quarter worth approximately $37,000. Azora Capital LP acquired a new stake in Expensify during the 4th quarter worth approximately $61,000. Finally, Mackenzie Financial Corp acquired a new stake in Expensify during the 4th quarter worth approximately $75,000. Institutional investors and hedge funds own 68.42% of the company's stock.

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.

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