Key Points
- CEO David Michael Barrett sold 14,463 shares of Expensify on Dec. 30 at an average price of $1.52, reducing his stake by 6.37% to 212,567 shares (about $323,102) as disclosed in an SEC filing.
- Barrett has executed multiple recent insider sales—including 30,000 shares on Jan. 2 at $1.50 and prior 30,000-share sales on Dec. 1 and Nov. 3—indicating continued insider liquidation activity.
- Expensify is trading low with mixed outlooks: shares near $1.46 (50-day MA $1.53, 200-day MA $1.83), market cap ~$118M, negative EPS and revenue slightly below estimates, and a consensus analyst rating of "Hold" with a $3.50 target price.
Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 14,463 shares of the company's stock in a transaction dated Tuesday, December 30th. The shares were sold at an average price of $1.52, for a total transaction of $21,983.76. Following the transaction, the chief executive officer owned 212,567 shares in the company, valued at approximately $323,101.84. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
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 Wednesday, December 17th, David Michael Barrett sold 2,544 shares of Expensify stock. The stock was sold at an average price of $1.55, for a total transaction 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.
- 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.
Expensify Stock Performance
Shares of Expensify stock opened at $1.46 on Tuesday. The firm has a fifty day moving average of $1.53 and a two-hundred day moving average of $1.83. The stock has a market capitalization of $118.03 million, a price-to-earnings ratio of -8.59 and a beta of 1.69. Expensify, Inc. has a 52 week low of $1.33 and a 52 week high of $4.00.
Expensify (NASDAQ:EXFY - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.08). Expensify had a negative return on equity of 11.75% and a negative net margin of 10.83%.The company had revenue of $35.07 million during the quarter, compared to the consensus estimate of $35.65 million.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Wall Street Zen cut Expensify from a "buy" rating to a "hold" rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Expensify in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $3.50.
Check Out Our Latest Stock Report on EXFY
Hedge Funds Weigh In On Expensify
Several institutional investors and hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. acquired a new position in shares of Expensify in the 3rd quarter valued at approximately $93,000. Qube Research & Technologies Ltd boosted its holdings in shares of Expensify by 45.4% in the third quarter. Qube Research & Technologies Ltd now owns 348,521 shares of the company's stock valued at $645,000 after buying an additional 108,801 shares during the period. Prelude Capital Management LLC increased its position in shares of Expensify by 68.5% during the third quarter. Prelude Capital Management LLC now owns 36,400 shares of the company's stock worth $67,000 after acquiring an additional 14,800 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Expensify during the third quarter worth $34,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Expensify by 84.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 111,449 shares of the company's stock worth $206,000 after acquiring an additional 51,145 shares during the period. 68.42% of the stock is currently owned by institutional investors and hedge funds.
Expensify Company Profile
(
Get Free Report)
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.
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