David Michael Barrett Sells 13,272 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 13,272 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.84, for a total value of $50,964.48. Following the transaction, the chief executive officer now owns 1,207,675 shares of the company’s stock, valued at $4,637,472. The trade was a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 Wednesday, November 20th, David Michael Barrett sold 15,454 shares of Expensify stock. The stock was 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 stock was 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 stock was sold at an average price of $2.76, for a total value of $160,703.76.

Expensify Stock Down 1.4 %

Shares of NASDAQ EXFY opened at $3.56 on Friday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13. The business has a 50-day simple moving average of $2.69 and a two-hundred day simple moving average of $2.19. The company has a market cap of $274.68 million, a P/E ratio of -19.78 and a beta of 1.90.

Institutional Trading of Expensify

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP purchased a new stake in shares of Expensify in the 2nd quarter valued at about $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Expensify in the 2nd quarter valued at about $86,000. Dynamic Technology Lab Private Ltd raised its holdings in shares of Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after acquiring an additional 22,504 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of Expensify by 40.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after acquiring an additional 19,157 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Expensify by 76.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after acquiring an additional 28,731 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on EXFY shares. Citigroup raised their target price on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

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.