Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan Sells 5,739 Shares

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 5,739 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $2.93, for a total transaction of $16,815.27. Following the sale, the chief operating officer now owns 33,351 shares in the company, valued at approximately $97,718.43. This trade represents a 14.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, September 17th, Anuradha Muralidharan sold 198 shares of Expensify stock. The shares were sold at an average price of $2.27, for a total value of $449.46.
• On Thursday, September 5th, Anuradha Muralidharan sold 20,000 shares of Expensify stock. The shares were sold at an average price of $2.24, for a total transaction of $44,800.00.

Expensify Stock Up 3.7 %

Shares of EXFY stock opened at $2.77 on Wednesday. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $2.99. The stock has a 50-day simple moving average of $2.09 and a 200 day simple moving average of $1.92. The stock has a market capitalization of $213.73 million, a P/E ratio of -15.39 and a beta of 1.51.

Institutional Trading of Expensify

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXFY. Vanguard Group Inc. lifted its holdings in shares of Expensify by 16.6% in the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Expensify by 74.4% in the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after purchasing an additional 129,689 shares during the period. Quadrature Capital Ltd acquired a new position in Expensify during the 1st quarter worth $65,000. Wealthspire Advisors LLC boosted its stake in Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after purchasing an additional 19,157 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Expensify in the second quarter valued at approximately $53,000. 68.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JMP Securities upgraded Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a research report on Friday, August 9th.

About Expensify

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.