Expensify, Inc. (NASDAQ:EXFY) COO Sells $44,800.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 20,000 shares of Expensify stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.24, for a total transaction of $44,800.00. Following the completion of the sale, the chief operating officer now directly owns 38,610 shares in the company, valued at approximately $86,486.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Anuradha Muralidharan also recently made the following trade(s):

• On Monday, August 19th, Anuradha Muralidharan sold 20,000 shares of Expensify stock. The stock was sold at an average price of $2.35, for a total value of $47,000.00.

Expensify Price Performance

Expensify stock opened at $2.28 on Wednesday. The firm has a market capitalization of $197.21 million, a P/E ratio of -4.75 and a beta of 1.54. Expensify, Inc. has a one year low of $1.24 and a one year high of $3.47. The business has a fifty day moving average price of $2.13 and a 200-day moving average price of $1.83.

Expensify (NASDAQ:EXFY) last issued its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%. The company had revenue of $33.29 million during the quarter, compared to the consensus estimate of $35.69 million. Sell-side analysts expect that Expensify, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Morgan Stanley upgraded Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price for the company in a research note on Friday, August 9th.

Hedge Funds Weigh In On Expensify

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 valued at $6,158,000 after acquiring an additional 476,687 shares during the last quarter. Palogic Value Management L.P. lifted its stake in shares of Expensify by 33.3% in the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after acquiring an additional 200,000 shares during the last quarter. Acadian Asset Management LLC grew its position in 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 acquiring an additional 129,689 shares during the last quarter. CastleKnight Management LP increased its stake in Expensify by 79.5% in the 4th quarter. CastleKnight Management LP now owns 131,200 shares of the company’s stock worth $324,000 after purchasing an additional 58,100 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Expensify in the second quarter valued at approximately $86,000. 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.