David Michael Barrett Sells 30,000 Shares of Expensify, Inc. (NASDAQ:EXFY) 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 of the company’s stock, valued at $7,713,254.50. The trade was a 1.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 shares were 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 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 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 Stock Up 1.5 %

Shares of EXFY stock opened at $3.40 on Friday. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13. The stock has a market cap of $262.34 million, a P/E ratio of -18.89 and a beta of 1.85. The business has a fifty day simple moving average of $3.38 and a 200-day simple moving average of $2.49.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXFY. Citigroup raised their price target on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Monday, December 16th. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

Institutional Trading of Expensify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXFY. Walleye Capital LLC increased its position in Expensify by 42.1% during the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after purchasing an additional 178,911 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Expensify during the 3rd quarter worth about $183,000. Charles Schwab Investment Management Inc. increased its position in Expensify by 25.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after purchasing an additional 63,052 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Expensify during the 2nd quarter worth about $86,000. Finally, Geode Capital Management LLC increased its position in Expensify by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after purchasing an additional 52,385 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

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.