Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 16,740 shares of the firm's stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $1.48, for a total value of $24,775.20. Following the transaction, the chief executive officer now directly owns 1,199,804 shares of the company's stock, valued at approximately $1,775,709.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
David Michael Barrett also recently made the following trade(s):
- On Monday, April 8th, David Michael Barrett sold 15,992 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total transaction of $24,787.60.
- On Friday, April 5th, David Michael Barrett sold 15,985 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total transaction of $24,776.75.
- On Wednesday, April 3rd, David Michael Barrett sold 15,792 shares of Expensify stock. The stock was sold at an average price of $1.57, for a total value of $24,793.44.
- On Monday, April 1st, David Michael Barrett sold 13,300 shares of Expensify stock. The stock was sold at an average price of $1.75, for a total value of $23,275.00.
- On Wednesday, March 27th, David Michael Barrett sold 54,685 shares of Expensify stock. The shares were sold at an average price of $1.74, for a total value of $95,151.90.
- On Monday, March 25th, David Michael Barrett sold 85,730 shares of Expensify stock. The stock was sold at an average price of $1.77, for a total value of $151,742.10.
- 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 transaction of $151,585.98.
- On Wednesday, March 20th, David Michael Barrett sold 11,627 shares of Expensify stock. The shares were sold at an average price of $1.91, for a total transaction 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 transaction of $151,219.86.
- On Friday, March 15th, David Michael Barrett sold 80,082 shares of Expensify stock. The shares were sold at an average price of $1.97, for a total transaction of $157,761.54.
Expensify Trading Down 2.7 %
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Shares of EXFY stock opened at $1.43 on Friday. The company has a 50 day moving average price of $1.82 and a 200-day moving average price of $2.22. Expensify, Inc. has a 52 week low of $1.40 and a 52 week high of $8.64.
Expensify (NASDAQ:EXFY - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The company had revenue of $35.20 million during the quarter, compared to analysts' expectations of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. The company's revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) EPS. As a group, sell-side analysts anticipate that Expensify, Inc. will post -0.19 EPS for the current year.
Hedge Funds Weigh In On Expensify
A number of institutional investors and hedge funds have recently modified their holdings of EXFY. Hsbc Holdings PLC grew its position in Expensify by 63.5% during the third quarter. Hsbc Holdings PLC now owns 55,876 shares of the company's stock valued at $184,000 after buying an additional 21,700 shares during the period. Barclays PLC increased its stake in shares of Expensify by 433.4% in the 3rd quarter. Barclays PLC now owns 105,759 shares of the company's stock worth $344,000 after purchasing an additional 85,931 shares in the last quarter. Walleye Capital LLC raised its holdings in Expensify by 396.1% in the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company's stock worth $2,322,000 after purchasing an additional 570,495 shares during the period. Aigen Investment Management LP purchased a new position in Expensify during the third quarter valued at $134,000. Finally, Quadrature Capital Ltd bought a new stake in Expensify during the third quarter valued at about $35,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler lowered their price objective 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 investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $6.50.
Read Our Latest Analysis on EXFY
Expensify Company Profile
(
Get Free Report)
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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