Expensify (NASDAQ:EXFY) CEO Sells $43,500.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $1.45, for a total transaction of $43,500.00. Following the completion of the sale, the chief executive officer owned 1,318,480 shares of the company’s stock, valued at $1,911,796. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, January 2nd, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $1.50, for a total transaction of $45,000.00.
• On Tuesday, December 30th, David Michael Barrett sold 14,463 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total value of $21,983.76.
• On Wednesday, December 17th, David Michael Barrett sold 2,544 shares of Expensify stock. The shares were sold at an average price of $1.55, for a total value of $3,943.20.
• On Monday, December 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.52, for a total transaction of $45,600.00.

Expensify Trading Down 0.7%

Shares of EXFY stock opened at $1.38 on Friday. The firm has a fifty day simple moving average of $1.49 and a two-hundred day simple moving average of $1.68. Expensify, Inc. has a 12 month low of $1.30 and a 12 month high of $4.00. The firm has a market capitalization of $111.56 million, a PE ratio of -8.12 and a beta of 1.69.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). The business had revenue of $35.07 million during the quarter, compared to the consensus estimate of $35.65 million. Expensify had a negative net margin of 10.83% and a negative return on equity of 11.75%.

Analyst Upgrades and Downgrades

EXFY has been the subject of a number of analyst reports. Wall Street Zen lowered Expensify from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Expensify in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Expensify presently has an average rating of “Hold” and an average price target of $3.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Expensify during the 4th quarter valued at approximately $27,000. Savant Capital LLC purchased a new position in Expensify in the third quarter valued at approximately $30,000. Police & Firemen s Retirement System of New Jersey bought a new position in Expensify during the second quarter valued at $32,000. ProShare Advisors LLC bought a new position in Expensify during the second quarter valued at $32,000. Finally, Franklin Resources Inc. purchased a new stake in Expensify in the third quarter worth $34,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

About Expensify

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.