Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan Sells 20,000 Shares

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

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

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

Expensify Stock Up 1.3 %

EXFY stock opened at $2.28 on Wednesday. The firm has a market capitalization of $197.21 million, a PE ratio of -4.75 and a beta of 1.54. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $3.47. The stock’s 50 day moving average is $2.13 and its 200-day moving average is $1.83.

Expensify (NASDAQ:EXFY) last posted its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (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 firm had revenue of $33.29 million during the quarter, compared to the consensus estimate of $35.69 million. On average, equities research analysts anticipate that Expensify, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JMP Securities upgraded Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 target price on the stock in a report on Friday, August 9th. Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th.

Institutional Investors Weigh In On Expensify

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Expensify by 16.6% in the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after buying an additional 476,687 shares during the last quarter. Acadian Asset Management LLC boosted its position in Expensify by 74.4% in the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after purchasing an additional 129,689 shares during the last quarter. Quadrature Capital Ltd bought a new position in Expensify in the 1st quarter valued at $65,000. Azora Capital LP purchased a new stake in shares of Expensify during the 4th quarter valued at $61,000. Finally, Aristides Capital LLC bought a new stake in shares of Expensify during the 4th quarter worth $134,000. 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.