Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells $105,000.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of Expensify stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $3.50, for a total transaction of $105,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value 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 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 stock was 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 shares were 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 Stock Performance

EXFY opened at $3.40 on Monday. The company has a fifty day moving average of $3.38 and a two-hundred day moving average of $2.50. The stock has a market capitalization of $262.34 million, a price-to-earnings ratio of -18.89 and a beta of 1.85. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13.

Institutional Investors Weigh In On Expensify

A number of institutional investors have recently modified their holdings of EXFY. SG Americas Securities LLC acquired a new position in Expensify in the 4th quarter worth about $39,000. XTX Topco Ltd increased its position in shares of Expensify by 29.6% in the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock valued at $135,000 after buying an additional 15,730 shares in the last quarter. Dynamic Technology Lab Private Ltd raised 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 buying an additional 22,504 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 buying an additional 28,731 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Expensify during the 2nd quarter valued at approximately $53,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXFY has been the subject of a number of recent research reports. Citigroup lifted their price objective on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note 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.

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.