Key Points
- Expensify CEO David Michael Barrett sold 30,000 shares on June 1 at an average price of $1.15, totaling $34,500. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Barrett still directly owned 1,228,480 shares valued at about $1.41 million, and the sale reduced his position by 2.38%. He also sold 30,000 shares on May 1 at an average price of $1.08.
- Expensify shares were trading around $1.18, with the company reporting a recent quarterly earnings miss and analysts maintaining a Reduce consensus rating with a $2.50 price target.
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, June 1st. The stock was sold at an average price of $1.15, for a total value of $34,500.00. Following the transaction, the chief executive officer directly owned 1,228,480 shares of the company's stock, valued at approximately $1,412,752. The trade was a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
David Michael Barrett also recently made the following trade(s):
- On Friday, May 1st, David Michael Barrett sold 30,000 shares of Expensify stock. The stock was sold at an average price of $1.08, for a total value of $32,400.00.
Expensify Trading Up 0.9%
Shares of NASDAQ EXFY opened at $1.18 on Wednesday. The company has a market cap of $99.45 million, a price-to-earnings ratio of -5.13 and a beta of 1.79. Expensify, Inc. has a 12 month low of $0.69 and a 12 month high of $2.64. The stock has a 50-day moving average price of $0.97 and a two-hundred day moving average price of $1.22.
Expensify (NASDAQ:EXFY - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $33.97 million for the quarter, compared to analyst estimates of $34.25 million. Expensify had a negative return on equity of 15.26% and a negative net margin of 14.68%.
Wall Street Analyst Weigh In
Several research analysts have commented on EXFY shares. Wall Street Zen raised Expensify from a "sell" rating to a "hold" rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Expensify in a research note on Friday, May 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Expensify presently has a consensus rating of "Reduce" and a consensus price target of $2.50.
Get Our Latest Report on EXFY
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in EXFY. Abel Hall LLC acquired a new position in shares of Expensify in the fourth quarter valued at approximately $25,000. SG Americas Securities LLC acquired a new position in shares of Expensify in the fourth quarter valued at approximately $27,000. Savant Capital LLC acquired a new position in shares of Expensify in the third quarter valued at approximately $30,000. Franklin Resources Inc. acquired a new position in shares of Expensify in the third quarter valued at approximately $34,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Expensify by 126.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 31,615 shares of the company's stock valued at $48,000 after buying an additional 17,634 shares during the period. Institutional investors and hedge funds own 68.42% of the company's stock.
About Expensify
(
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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