Key Points
- CEO David Barrett sold 30,000 shares on Feb. 2 at an average price of $1.45 for $43,500, reducing his stake by 2.22% to 1,318,480 shares — part of multiple recent insider sales in December and January.
- Expensify (EXFY) trades around $1.45 with a market cap of ~$117M, a negative P/E of -8.53, and recent quarterly results that missed estimates (EPS -$0.03 vs. $0.05 consensus) with negative margins.
- Analysts are mixed with a consensus rating of Hold and a $3.50 price target, while institutional ownership is high (68.42%) and several large funds have recently increased positions.
Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 30,000 shares of the business's stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $1.45, for a total value of $43,500.00. Following the completion of the transaction, the chief executive officer directly owned 1,318,480 shares of the company's stock, valued at approximately $1,911,796. This trade represents a 2.22% decrease in their position. 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 Friday, January 2nd, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $1.50, for a total value of $45,000.00.
- On Tuesday, December 30th, David Michael Barrett sold 14,463 shares of Expensify stock. The stock was 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 transaction of $3,943.20.
- On Monday, December 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $1.52, for a total transaction of $45,600.00.
Expensify Stock Performance
EXFY opened at $1.45 on Thursday. The company has a fifty day moving average of $1.50 and a two-hundred day moving average of $1.69. The stock has a market capitalization of $117.22 million, a price-to-earnings ratio of -8.53 and a beta of 1.69. Expensify, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $4.00.
Expensify (NASDAQ:EXFY - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported ($0.03) 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 analyst estimates of $35.65 million. Expensify had a negative net margin of 10.83% and a negative return on equity of 11.75%.
Analysts Set New Price Targets
Several equities research analysts recently commented on EXFY shares. Wall Street Zen lowered shares of Expensify from a "buy" rating to a "hold" rating in a report on Saturday, November 15th. Weiss Ratings restated a "sell (d-)" rating on shares of Expensify in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $3.50.
Read Our Latest Stock Analysis on Expensify
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Expensify by 4.5% in the third quarter. Vanguard Group Inc. now owns 4,543,639 shares of the company's stock valued at $8,406,000 after purchasing an additional 197,702 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Expensify by 46.1% in the 2nd quarter. Acadian Asset Management LLC now owns 2,071,772 shares of the company's stock worth $5,359,000 after acquiring an additional 653,260 shares during the last quarter. Millennium Management LLC boosted its position in shares of Expensify by 103.2% during the 1st quarter. Millennium Management LLC now owns 1,406,476 shares of the company's stock valued at $4,276,000 after acquiring an additional 714,244 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Expensify by 134.2% in the second quarter. Geode Capital Management LLC now owns 1,326,129 shares of the company's stock valued at $3,435,000 after purchasing an additional 759,982 shares during the period. Finally, Formula Growth Ltd. raised its stake in Expensify by 15.0% during the second quarter. Formula Growth Ltd. now owns 1,150,000 shares of the company's stock worth $2,978,000 after purchasing an additional 150,000 shares during the period. 68.42% of the stock is owned by hedge funds and other institutional investors.
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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