Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett Sells 13,272 Shares

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 13,272 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.84, for a total value of $50,964.48. Following the completion of the sale, the chief executive officer now owns 1,207,675 shares of the company’s stock, valued at approximately $4,637,472. This trade represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 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 value 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 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 transaction of $160,703.76.

Expensify Stock Performance

Shares of EXFY traded down $0.25 during mid-day trading on Wednesday, reaching $3.61. The company had a trading volume of 746,053 shares, compared to its average volume of 730,777. The company has a market capitalization of $278.53 million, a price-to-earnings ratio of -20.05 and a beta of 1.90. The company’s 50 day simple moving average is $2.65 and its 200 day simple moving average is $2.18. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. XTX Topco Ltd lifted its holdings in shares of Expensify by 29.6% during the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after purchasing an additional 15,730 shares during the period. Wealthspire Advisors LLC lifted its holdings in Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after buying an additional 22,504 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after buying an additional 28,731 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Expensify during the second quarter worth about $53,000. 68.42% of the stock is currently 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.