Expensify Sees Unusually Large Options Volume (NASDAQ:EXFY)

Expensify, Inc. (NASDAQ:EXFYGet Free Report) saw some unusual options trading on Tuesday. Investors purchased 4,361 call options on the stock. This is an increase of 9,591% compared to the average volume of 45 call options.

Insider Activity at Expensify

In other Expensify news, major shareholder Steven J. Mclaughlin bought 39,845 shares of Expensify stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average cost of $1.32 per share, with a total value of $52,595.40. Following the transaction, the insider now directly owns 9,598,124 shares of the company’s stock, valued at approximately $12,669,523.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expensify news, major shareholder Steven J. Mclaughlin bought 39,845 shares of Expensify stock in a transaction that occurred on Thursday, June 20th. The shares were bought at an average cost of $1.32 per share, with a total value of $52,595.40. Following the transaction, the insider now directly owns 9,598,124 shares of the company’s stock, valued at approximately $12,669,523.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Steven J. Mclaughlin bought 248,712 shares of Expensify stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $1.43 per share, for a total transaction of $355,658.16. Following the completion of the transaction, the insider now directly owns 8,778,407 shares in the company, valued at $12,553,122.01. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,058,759 shares of company stock valued at $1,585,075 and have sold 668,728 shares valued at $1,068,296. 17.33% of the stock is currently owned by corporate insiders.

Institutional Trading of Expensify

A number of hedge funds have recently modified their holdings of the stock. SVB Wealth LLC boosted its stake in shares of Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after buying an additional 1,309,037 shares during the last quarter. Vanguard Group Inc. boosted its position in Expensify by 16.6% during the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after purchasing an additional 476,687 shares in the last quarter. Palogic Value Management L.P. boosted its position in Expensify by 33.3% during the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after purchasing an additional 200,000 shares in the last quarter. Walleye Capital LLC boosted its position in Expensify by 396.1% during the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after purchasing an additional 570,495 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Expensify by 74.4% during 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 in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Expensify Stock Down 4.5 %

Shares of EXFY opened at $1.91 on Thursday. Expensify has a 52 week low of $1.24 and a 52 week high of $8.25. The company has a market capitalization of $165.20 million, a price-to-earnings ratio of -3.98 and a beta of 1.47. The stock’s 50-day moving average price is $1.58 and its 200-day moving average price is $1.76.

Expensify (NASDAQ:EXFYGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. The company had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The firm’s quarterly revenue was down 16.5% compared to the same quarter last year. As a group, equities analysts anticipate that Expensify will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

EXFY has been the topic of several recent analyst reports. Citigroup reduced their target price on Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of Expensify in a research note on Friday, June 14th. Finally, Morgan Stanley upgraded Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.20.

Read Our Latest Stock Analysis on EXFY

Expensify Company Profile

(Get Free Report)

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.

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