Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin acquired 24,529 shares of Expensify stock in a transaction on Friday, June 28th. The shares were bought at an average price of $1.45 per share, with a total value of $35,567.05. Following the purchase, the insider now directly owns 9,816,732 shares in the company, valued at approximately $14,234,261.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Expensify Stock Performance
Shares of Expensify stock traded down $0.06 on Tuesday, hitting $1.50. The company’s stock had a trading volume of 204,705 shares, compared to its average volume of 624,806. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $8.25. The firm has a fifty day moving average price of $1.58 and a 200-day moving average price of $1.79. The company has a market capitalization of $129.74 million, a price-to-earnings ratio of -3.15 and a beta of 1.47.
Expensify (NASDAQ:EXFY – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.12). Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The business had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. Expensify’s revenue for the quarter was down 16.5% on a year-over-year basis. As a group, analysts forecast that Expensify, Inc. will post -0.11 EPS for the current year.
Analyst Ratings Changes
Check Out Our Latest Report on EXFY
Hedge Funds Weigh In On Expensify
Institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC boosted its holdings in Expensify by 212.5% in the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock worth $30,000 after buying an additional 8,500 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Expensify in the 3rd quarter worth about $35,000. Corton Capital Inc. acquired a new stake in Expensify in the 3rd quarter worth about $37,000. Azora Capital LP acquired a new stake in Expensify in the 4th quarter worth about $61,000. Finally, Mackenzie Financial Corp acquired a new stake in Expensify in the 4th quarter worth about $75,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.
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.
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