Key Points
- Expensify CEO David Michael Barrett sold 30,000 shares on Dec. 1 at an average price of $1.52 for $45,600, cutting his stake by 2.13% to 1,378,480 shares and continuing a string of recent insider sales (including Nov. 3 and Sept. transactions).
- Shares trade around $1.60 (52‑week range $1.33–$4.13) with a market cap of $129.3M, and the company posted a quarterly EPS of -$0.03, missing the $0.05 estimate and slightly missing revenue expectations.
- Analysts have largely turned cautious — the consensus rating is a "Hold" with a $4.00 price target after recent downgrades — and institutional investors own about 68.4% of the stock.
Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 30,000 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $1.52, for a total transaction of $45,600.00. Following the completion of the sale, the chief executive officer owned 1,378,480 shares of the company's stock, valued at $2,095,289.60. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
David Michael Barrett also recently made the following trade(s):
- On Monday, November 3rd, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.60, for a total transaction of $48,000.00.
- On Thursday, September 18th, David Michael Barrett sold 10,262 shares of Expensify stock. The stock was sold at an average price of $1.95, for a total transaction of $20,010.90.
- On Tuesday, September 16th, David Michael Barrett sold 2,396 shares of Expensify stock. The shares were sold at an average price of $1.90, for a total transaction of $4,552.40.
Expensify Stock Down 1.2%
Shares of NASDAQ:EXFY opened at $1.60 on Friday. Expensify, Inc. has a 52 week low of $1.33 and a 52 week high of $4.13. The company has a 50-day moving average price of $1.61 and a 200 day moving average price of $1.95. The company has a market cap of $129.34 million, a P/E ratio of -9.41 and a beta of 1.69.
Expensify (NASDAQ:EXFY - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.08). The business had revenue of $35.07 million for the quarter, compared to analysts' expectations of $35.65 million. Expensify had a negative return on equity of 11.75% and a negative net margin of 10.83%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. BMO Capital Markets cut their price objective on Expensify from $3.00 to $2.50 and set a "market perform" rating for the company in a research report on Friday, August 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Expensify in a research note on Tuesday. Finally, Wall Street Zen cut shares of Expensify from a "buy" rating to a "hold" rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Expensify presently has an average rating of "Hold" and a consensus price target of $4.00.
Check Out Our Latest Research Report on Expensify
Hedge Funds Weigh In On Expensify
Several hedge funds and other institutional investors have recently bought and sold shares of the company. OMERS ADMINISTRATION Corp lifted its stake in Expensify by 4.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 125,800 shares of the company's stock valued at $382,000 after buying an additional 5,700 shares in the last quarter. Royce & Associates LP increased its position in Expensify by 52.4% during the third quarter. Royce & Associates LP now owns 30,109 shares of the company's stock worth $56,000 after buying an additional 10,358 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in Expensify during the second quarter worth $30,000. ProShare Advisors LLC acquired a new position in shares of Expensify in the second quarter worth $32,000. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Expensify in the second quarter valued at $32,000. 68.42% of the stock is owned by institutional investors and hedge funds.
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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