Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 25,686 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $2.83, for a total value of $72,691.38. Following the completion of the sale, the chief executive officer now directly owns 1,728,590 shares of the company's stock, valued at approximately $4,891,909.70. The trade was a 1.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
David Michael Barrett also recently made the following trade(s):
- On Thursday, April 17th, David Michael Barrett sold 32,079 shares of Expensify stock. The shares were sold at an average price of $2.79, for a total value of $89,500.41.
- On Friday, March 21st, David Michael Barrett sold 2,900 shares of Expensify stock. The stock was sold at an average price of $3.20, for a total transaction of $9,280.00.
- On Wednesday, March 19th, David Michael Barrett sold 37,001 shares of Expensify stock. The stock was sold at an average price of $3.27, for a total transaction of $120,993.27.
- On Monday, March 17th, David Michael Barrett sold 27,331 shares of Expensify stock. The shares were sold at an average price of $3.36, for a total transaction of $91,832.16.
- On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The stock was sold at an average price of $3.43, for a total value of $109,008.83.
- On Tuesday, February 18th, David Michael Barrett sold 45,643 shares of Expensify stock. The shares were sold at an average price of $3.68, for a total value of $167,966.24.
- On Thursday, January 23rd, David Michael Barrett sold 16,715 shares of Expensify stock. The stock was sold at an average price of $3.27, for a total value of $54,658.05.
- On Tuesday, January 21st, David Michael Barrett sold 36,289 shares of Expensify stock. The stock was sold at an average price of $3.32, for a total value of $120,479.48.
- On Friday, January 17th, David Michael Barrett sold 32,473 shares of Expensify stock. The shares were sold at an average price of $3.41, for a total transaction of $110,732.93.
Expensify Stock Performance
EXFY stock opened at $2.78 on Friday. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13. The stock's 50 day simple moving average is $3.25 and its 200 day simple moving average is $3.05. The company has a market cap of $221.03 million, a P/E ratio of -15.44 and a beta of 1.87.
Expensify declared that its Board of Directors has initiated a share repurchase program on Thursday, February 27th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 20.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Separately, Lake Street Capital increased their target price on shares of Expensify from $3.00 to $5.00 and gave the stock a "buy" rating in a research note on Friday, February 28th.
Get Our Latest Stock Report on Expensify
Institutional Trading of Expensify
Several hedge funds have recently bought and sold shares of EXFY. Topline Capital Management LLC acquired a new position in Expensify during the fourth quarter worth $3,085,000. Marshall Wace LLP increased its position in shares of Expensify by 72.0% during the fourth quarter. Marshall Wace LLP now owns 1,439,877 shares of the company's stock worth $4,824,000 after acquiring an additional 602,565 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Expensify by 814.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 604,088 shares of the company's stock worth $2,024,000 after acquiring an additional 537,993 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in Expensify by 2,760.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 289,717 shares of the company's stock valued at $971,000 after acquiring an additional 279,588 shares in the last quarter. Finally, 683 Capital Management LLC acquired a new position in Expensify during the 4th quarter valued at about $740,000. Institutional investors and hedge funds own 68.42% of the company's stock.
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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