Expensify, Inc. (NASDAQ:EXFY) CEO Sells $44,971.14 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,454 shares of Expensify stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $2.91, for a total transaction of $44,971.14. Following the completion of the sale, the chief executive officer now owns 2,378,319 shares of the company’s stock, valued at $6,920,908.29. This trade represents a 0.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction 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 transaction of $160,703.76.
• On Monday, September 16th, David Michael Barrett sold 11,095 shares of Expensify stock. The stock was sold at an average price of $2.28, for a total transaction of $25,296.60.
• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The shares were sold at an average price of $2.34, for a total transaction of $1,511,494.92.

Expensify Stock Up 7.2 %

EXFY stock opened at $3.29 on Friday. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $3.34. The firm has a market cap of $253.97 million, a P/E ratio of -18.44 and a beta of 1.51. The company’s 50-day moving average price is $2.10 and its two-hundred day moving average price is $1.93.

Wall Street Analyst Weigh In

Separately, JMP Securities raised shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price on the stock in a report on Friday, August 9th.

Institutional Investors Weigh In On Expensify

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Expensify during the 2nd quarter valued at approximately $53,000. Quadrature Capital Ltd bought a new stake in shares of Expensify during the 1st quarter valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify during the 2nd quarter valued at approximately $86,000. Dynamic Technology Lab Private Ltd grew its holdings 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 valued at $88,000 after purchasing an additional 22,504 shares during the last quarter. Finally, Wealthspire Advisors LLC grew its holdings in shares of Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after purchasing an additional 19,157 shares during the last quarter. 68.42% of the stock is owned by institutional investors.

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.