Expensify, Inc. (NASDAQ:EXFY – Get Free Report) CEO David Michael Barrett sold 85,730 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $1.77, for a total value of $151,742.10. Following the completion of the sale, the chief executive officer now directly owns 1,468,192 shares in the company, valued at approximately $2,598,699.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
David Michael Barrett also recently made the following trade(s):
- On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The stock was sold at an average price of $1.74, for a total value of $95,151.90.
- On Friday, March 22nd, David Michael Barrett sold 83,289 shares of Expensify stock. The stock was sold at an average price of $1.82, for a total value of $151,585.98.
- On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The stock was sold at an average price of $1.91, for a total value of $22,207.57.
- On Monday, March 18th, David Michael Barrett sold 81,301 shares of Expensify stock. The stock was sold at an average price of $1.86, for a total value of $151,219.86.
- On Friday, March 15th, David Michael Barrett sold 80,082 shares of Expensify stock. The stock was sold at an average price of $1.97, for a total value of $157,761.54.
- On Monday, March 11th, David Michael Barrett sold 7,311 shares of Expensify stock. The stock was sold at an average price of $2.14, for a total value of $15,645.54.
Expensify Stock Performance
Shares of EXFY stock traded up $0.05 on Thursday, reaching $1.84. 341,579 shares of the company’s stock traded hands, compared to its average volume of 655,373. Expensify, Inc. has a 12-month low of $1.52 and a 12-month high of $8.69. The company has a market capitalization of $129.87 million, a P/E ratio of -3.69 and a beta of 1.51. The business’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $2.38.
Institutional Trading of Expensify
Several large investors have recently made changes to their positions in EXFY. FNY Investment Advisers LLC boosted its stake in shares of Expensify by 212.5% during the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock worth $30,000 after acquiring an additional 8,500 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Expensify by 117.8% during the 3rd quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock worth $33,000 after purchasing an additional 1,178 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Expensify in the 3rd quarter valued at approximately $35,000. Ameritas Investment Partners Inc. acquired a new position in Expensify in the 2nd quarter valued at approximately $36,000. Finally, Corton Capital Inc. acquired a new position in Expensify in the 3rd quarter valued at approximately $37,000. Institutional investors own 68.42% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler cut their target price on Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Expensify presently has a consensus rating of “Hold” and an average price target of $6.50.
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.
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