Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CEO Sells 31,781 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 31,781 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $3.43, for a total transaction of $109,008.83. Following the sale, the chief executive officer now directly owns 1,947,372 shares in the company, valued at approximately $6,679,485.96. This represents a 1.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The stock was sold at an average price of $3.68, for a total transaction of $167,966.24.
• On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The stock was 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 stock was 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 stock was 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 stock was 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 Trading Down 3.4 %

Shares of NASDAQ:EXFY traded down $0.12 during mid-day trading on Thursday, reaching $3.45. The stock had a trading volume of 352,916 shares, compared to its average volume of 332,600. The firm has a market cap of $266.20 million, a PE ratio of -19.17 and a beta of 1.87. The firm has a 50 day simple moving average of $3.57 and a two-hundred day simple moving average of $2.78. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.13.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EXFY. Citigroup raised their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th. JMP Securities lowered shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

Institutional Trading of Expensify

Hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Expensify in the 4th quarter valued at approximately $691,000. Walleye Capital LLC raised its position in shares of Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after acquiring an additional 178,911 shares during the period. Geode Capital Management LLC raised its position in shares of Expensify by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after acquiring an additional 52,385 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Expensify in the 4th quarter valued at approximately $39,000. Finally, R Squared Ltd acquired a new stake in shares of Expensify in the 4th quarter valued at approximately $46,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

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.