Expensify, Inc. (NASDAQ:EXFY) COO Sells $10,275.84 in Stock

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 2,676 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.84, for a total value of $10,275.84. Following the completion of the sale, the chief operating officer now directly owns 16,754 shares of the company’s stock, valued at $64,335.36. The trade was a 13.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, December 18th, Anuradha Muralidharan sold 12,320 shares of Expensify stock. The shares were sold at an average price of $3.85, for a total transaction of $47,432.00.
• On Tuesday, December 3rd, Anuradha Muralidharan sold 29,410 shares of Expensify stock. The stock was sold at an average price of $3.40, for a total transaction of $99,994.00.
• On Thursday, November 14th, Anuradha Muralidharan sold 5,739 shares of Expensify stock. The stock was sold at an average price of $2.93, for a total transaction of $16,815.27.

Expensify Stock Down 6.5 %

NASDAQ EXFY opened at $3.61 on Thursday. The stock has a market capitalization of $278.53 million, a P/E ratio of -20.05 and a beta of 1.90. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13. The firm has a 50-day moving average price of $2.65 and a 200 day moving average price of $2.18.

Hedge Funds Weigh In On Expensify

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new stake in shares of Expensify in the 2nd quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Expensify in the second quarter worth $86,000. Dynamic Technology Lab Private Ltd lifted its holdings in Expensify by 100.6% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after acquiring an additional 22,504 shares during the period. Wealthspire Advisors LLC boosted its position in shares of Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after purchasing an additional 19,157 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Expensify by 76.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after purchasing an additional 28,731 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EXFY. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th. Citigroup increased their price target on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday.

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.