Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 22,873 shares of Expensify stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $2.84, for a total value of $64,959.32. Following the sale, the chief executive officer now directly owns 1,588,480 shares in the company, valued at $4,511,283.20. The trade was a 1.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
David Michael Barrett also recently made the following trade(s):
- On Monday, April 21st, David Michael Barrett sold 39,399 shares of Expensify stock. The shares were sold at an average price of $2.75, for a total transaction of $108,347.25.
- 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 transaction of $89,500.41.
- On Tuesday, April 15th, David Michael Barrett sold 25,686 shares of Expensify stock. The stock was sold at an average price of $2.83, for a total transaction of $72,691.38.
- 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 value 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 value of $91,832.16.
- On Thursday, February 20th, David Michael Barrett sold 31,781 shares of Expensify stock. The shares were 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 transaction of $54,658.05.
Expensify Stock Performance
Shares of NASDAQ:EXFY opened at $2.83 on Thursday. The company has a market capitalization of $225.00 million, a PE ratio of -15.72 and a beta of 1.87. The stock has a fifty day moving average of $3.16 and a 200-day moving average of $3.08. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.13.
Expensify announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 27th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to repurchase up to 20.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.
Hedge Funds Weigh In On Expensify
Hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC acquired a new stake in Expensify during the 4th quarter worth about $691,000. Quantbot Technologies LP acquired a new position in shares of Expensify in the fourth quarter worth about $68,000. American Century Companies Inc. increased its position in shares of Expensify by 67.7% in the fourth quarter. American Century Companies Inc. now owns 68,228 shares of the company's stock worth $229,000 after acquiring an additional 27,541 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Expensify by 11.3% during the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company's stock valued at $1,010,000 after acquiring an additional 52,385 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position 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 valued at $2,024,000 after acquiring an additional 537,993 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company's stock.
Analysts Set New Price Targets
Separately, Lake Street Capital raised their price objective on shares of Expensify from $3.00 to $5.00 and gave the company a "buy" rating in a research report on Friday, February 28th.
View Our Latest Report on EXFY
Expensify Company Profile
(
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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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