David Michael Barrett Sells 32,473 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 32,473 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $3.41, for a total transaction of $110,732.93. Following the transaction, the chief executive officer now owns 2,147,203 shares in the company, valued at $7,321,962.23. The trade was a 1.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value 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 value 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 value 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 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 Trading Up 1.5 %

NASDAQ EXFY opened at $3.40 on Friday. The stock has a market cap of $262.34 million, a P/E ratio of -18.89 and a beta of 1.85. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13. The company’s fifty day simple moving average is $3.38 and its 200-day simple moving average is $2.49.

Hedge Funds Weigh In On Expensify

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Expensify during the fourth quarter valued at approximately $39,000. Marshall Wace LLP bought a new position in shares of Expensify during the 2nd quarter valued at $53,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after acquiring an additional 22,504 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Expensify during the 2nd quarter valued at about $86,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake 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. Institutional investors own 68.42% of the company’s stock.

Analyst Ratings Changes

EXFY has been the subject of several research analyst reports. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup raised their price target on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th.

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.