David Michael Barrett Sells 15,454 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) CEO David Michael Barrett sold 15,454 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $2.91, for a total transaction of $44,971.14. Following the completion of the transaction, the chief executive officer now directly owns 2,378,319 shares of the company’s stock, valued at approximately $6,920,908.29. This trade represents a 0.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

David Michael Barrett also recently made the following trade(s):

• On Monday, November 18th, David Michael Barrett sold 45,094 shares of Expensify stock. The shares were sold at an average price of $2.70, for a total transaction of $121,753.80.
• On Friday, November 15th, David Michael Barrett sold 58,226 shares of Expensify stock. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76.
• On Monday, September 16th, David Michael Barrett sold 11,095 shares of Expensify stock. The shares were sold at an average price of $2.28, for a total transaction of $25,296.60.
• On Wednesday, August 28th, David Michael Barrett sold 645,938 shares of Expensify stock. The shares were sold at an average price of $2.34, for a total transaction of $1,511,494.92.

Expensify Stock Performance

NASDAQ EXFY opened at $3.29 on Friday. The firm has a 50-day moving average of $2.10 and a 200-day moving average of $1.93. The stock has a market cap of $253.97 million, a PE ratio of -18.44 and a beta of 1.51. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $3.34.

Institutional Trading of Expensify

A number of hedge funds have recently modified their holdings of EXFY. Vanguard Group Inc. lifted its stake in shares of Expensify by 16.6% during the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after buying an additional 476,687 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Expensify by 74.4% during the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after buying an additional 129,689 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Expensify during the 1st quarter worth about $65,000. Wealthspire Advisors LLC lifted its stake in shares of Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Expensify in the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities raised shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price objective for the company in a research report on Friday, August 9th.

Expensify Company Profile

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.