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Expensify, Inc. (NASDAQ:EXFY – Get Rating) CEO David Michael Barrett sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $9.56, for a total transaction of $286,800.00. Following the transaction, the chief executive officer now directly owns 3,501,331 shares in the company, valued at approximately $33,472,724.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
David Michael Barrett also recently made the following trade(s):
- On Wednesday, October 12th, David Michael Barrett sold 30,000 shares of Expensify stock. The shares were sold at an average price of $13.86, for a total transaction of $415,800.00.
Expensify Trading Down 7.7 %
Shares of Expensify stock traded down $0.73 during trading hours on Monday, hitting $8.80. The company’s stock had a trading volume of 182,506 shares, compared to its average volume of 413,155. Expensify, Inc. has a 1-year low of $8.08 and a 1-year high of $44.97. The business has a fifty day moving average of $11.19 and a 200 day moving average of $15.86. The company has a market capitalization of $600.63 million and a PE ratio of -8.31. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 0.54.
Expensify (NASDAQ:EXFY – Get Rating) last released its quarterly earnings data on Thursday, November 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Expensify had a negative return on equity of 22.00% and a negative net margin of 27.34%. The business had revenue of $42.49 million during the quarter, compared to analyst estimates of $45.62 million. As a group, equities analysts forecast that Expensify, Inc. will post -0.3 EPS for the current year.
Analyst Ratings Changes
A number of research firms have weighed in on EXFY. JMP Securities cut their price target on shares of Expensify from $26.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Friday, November 11th. Lake Street Capital began coverage on shares of Expensify in a research note on Wednesday, December 7th. They set a “buy” rating and a $12.00 price target on the stock. Piper Sandler downgraded shares of Expensify from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $18.00 to $12.00 in a research note on Friday, November 11th. Finally, Citigroup cut their price target on shares of Expensify from $25.00 to $20.00 in a research note on Friday, October 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Expensify presently has a consensus rating of “Moderate Buy” and an average target price of $20.13.
Institutional Investors Weigh In On Expensify
Several large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Expensify by 117.8% during the 3rd quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after purchasing an additional 1,178 shares in the last quarter. UBS Group AG acquired a new stake in Expensify during the 3rd quarter valued at $56,000. Quantbot Technologies LP grew its holdings in Expensify by 137.6% during the 3rd quarter. Quantbot Technologies LP now owns 4,150 shares of the company’s stock valued at $61,000 after purchasing an additional 2,403 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in Expensify during the 3rd quarter valued at $89,000. Finally, Tower Research Capital LLC TRC grew its holdings in Expensify by 9,175.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,420 shares of the company’s stock valued at $111,000 after purchasing an additional 7,340 shares in the last quarter. Institutional investors and hedge funds own 51.24% of the company’s stock.
Expensify Company Profile
(Get Rating)
Expensify, Inc provides a cloud-based expense management software platform to individuals, small businesses, and corporations 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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