Expensify, Inc. (NASDAQ:EXFY) CEO Sells $105,000.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 2,203,787 shares in the company, valued at approximately $7,713,254.50. This represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $110,732.93.
• On Wednesday, December 18th, David Michael Barrett sold 6,152 shares of Expensify stock. The shares were 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 transaction 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 stock was sold at an average price of $2.76, for a total value of $160,703.76.

Expensify Price Performance

Shares of Expensify stock traded up $0.05 during trading hours on Friday, hitting $3.40. 325,364 shares of the company’s stock traded hands, compared to its average volume of 331,224. The company has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $2.47. The stock has a market capitalization of $262.34 million, a price-to-earnings ratio of -18.89 and a beta of 1.85. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $4.13.

Institutional Trading of Expensify

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Expensify in the fourth quarter valued at about $39,000. Marshall Wace LLP purchased a new position in Expensify in the second quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Expensify in the second quarter valued at approximately $86,000. Dynamic Technology Lab Private Ltd grew its holdings in Expensify by 100.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after purchasing an additional 22,504 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after buying an additional 28,731 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup increased their price objective on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note 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.