Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells $167,966.24 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 45,643 shares of Expensify stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $3.68, for a total transaction of $167,966.24. Following the completion of the transaction, the chief executive officer now owns 2,026,590 shares of the company’s stock, valued at $7,457,851.20. This represents a 2.20 % decrease in their ownership of the stock. 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 Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The shares were sold at an average price of $3.43, for a total transaction of $109,008.83.
• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The shares were sold at an average price of $3.27, for a total transaction of $54,658.05.
• On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The shares were sold at an average price of $3.32, for a total transaction of $120,479.48.
• On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The shares were sold at an average price of $3.41, for a total transaction of $110,732.93.
• On Wednesday, January 15th, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $3.50, for a total transaction of $105,000.00.
• 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.

Expensify Stock Performance

Expensify stock opened at $3.26 on Friday. The stock has a market cap of $251.54 million, a P/E ratio of -18.11 and a beta of 1.87. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13. The firm’s fifty day moving average price is $3.55 and its 200-day moving average price is $2.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mariner LLC purchased a new position in Expensify in the fourth quarter worth $34,000. Tower Research Capital LLC TRC grew its position in Expensify by 1,194.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock worth $36,000 after acquiring an additional 9,997 shares in the last quarter. SG Americas Securities LLC purchased a new position in Expensify in the fourth quarter worth $39,000. Alpine Global Management LLC purchased a new position in Expensify in the fourth quarter worth $40,000. Finally, R Squared Ltd purchased a new position in Expensify in the fourth quarter worth $46,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.