David Michael Barrett Sells 6,152 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 6,152 shares of Expensify stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $3.83, for a total transaction of $23,562.16. Following the completion of the sale, the chief executive officer now directly owns 2,233,787 shares of the company’s stock, valued at $8,555,404.21. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 transaction 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 transaction of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76.

Expensify Price Performance

Expensify stock traded down $0.25 during midday trading on Wednesday, hitting $3.61. 746,053 shares of the stock were exchanged, compared to its average volume of 730,777. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The company has a 50 day moving average price of $2.65 and a two-hundred day moving average price of $2.18. The firm has a market cap of $278.53 million, a P/E ratio of -20.05 and a beta of 1.90.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Expensify

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealthspire Advisors LLC raised its holdings in shares of Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after purchasing an additional 19,157 shares during the period. Marshall Wace LLP acquired a new stake in Expensify during the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Expensify in the second quarter worth about $86,000. GSA Capital Partners LLP bought a new position in shares of Expensify during the third quarter valued at approximately $183,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Expensify by 76.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after purchasing an additional 28,731 shares during the period. 68.42% of the stock is owned by institutional investors.

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.