David Michael Barrett Sells 58,226 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 58,226 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76. Following the completion of the transaction, the chief executive officer now directly owns 2,508,867 shares in the company, valued at approximately $6,924,472.92. This represents a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction 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 transaction of $121,753.80.
• On Monday, September 16th, David Michael Barrett sold 11,095 shares of Expensify stock. The shares were sold at an average price of $2.28, for a total value of $25,296.60.
• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The stock was sold at an average price of $2.34, for a total value of $1,511,494.92.

Expensify Stock Performance

NASDAQ EXFY opened at $3.07 on Thursday. The firm’s fifty day moving average price is $2.10 and its two-hundred day moving average price is $1.93. The stock has a market cap of $236.87 million, a PE ratio of -17.06 and a beta of 1.51. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $3.12.

Hedge Funds Weigh In On Expensify

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Expensify by 16.6% during the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Expensify by 74.4% in the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after buying an additional 129,689 shares during the last quarter. Quadrature Capital Ltd bought a new position in Expensify in the 1st quarter valued at approximately $65,000. Wealthspire Advisors LLC boosted its position in Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares during the period. Finally, Marshall Wace LLP bought a new stake in Expensify during the 2nd quarter worth approximately $53,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price for the company in a research note on Friday, August 9th.

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.