Expensify, Inc. (NASDAQ:EXFY) Short Interest Update

Expensify, Inc. (NASDAQ:EXFY) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 498,300 shares, an increase of 7.8% from the September 15th total of 462,300 shares. Based on an average daily volume of 659,500 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the shares of the company are short sold.

Insider Buying and Selling at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 20,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $2.35, for a total transaction of $47,000.00. Following the transaction, the chief operating officer now owns 40,224 shares in the company, valued at $94,526.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Anuradha Muralidharan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $2.35, for a total value of $47,000.00. Following the completion of the transaction, the chief operating officer now directly owns 40,224 shares in the company, valued at approximately $94,526.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David Michael Barrett sold 13,350 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $1.89, for a total transaction of $25,231.50. Following the sale, the chief executive officer now owns 1,679,757 shares in the company, valued at $3,174,740.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 860,995 shares of company stock worth $1,934,980 over the last ninety days. Insiders own 17.33% of the company’s stock.

Hedge Funds Weigh In On Expensify

Several institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in Expensify in the 2nd quarter worth approximately $53,000. Quadrature Capital Ltd purchased a new stake in shares of Expensify in the 1st quarter worth $65,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Expensify during the second quarter valued at $86,000. Wealthspire Advisors LLC increased its position in Expensify by 40.7% in the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake 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 worth $557,000 after buying an additional 129,689 shares during the period. 68.42% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, 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 research note on Friday, August 9th.

Expensify Stock Performance

EXFY traded down $0.07 during trading on Thursday, reaching $1.81. The stock had a trading volume of 344,687 shares, compared to its average volume of 729,116. The business has a 50-day moving average of $2.16 and a 200-day moving average of $1.83. Expensify has a one year low of $1.24 and a one year high of $3.05. The stock has a market cap of $156.55 million, a PE ratio of -3.92 and a beta of 1.52.

Expensify (NASDAQ:EXFY) last issued its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $33.29 million during the quarter, compared to analysts’ expectations of $35.69 million. Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%.

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.