Anuradha Muralidharan Sells 2,676 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 2,676 shares of Expensify stock in a transaction on Monday, December 16th. The shares were sold at an average price of $3.84, for a total transaction 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 approximately $64,335.36. The trade was a 13.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $2.93, for a total value of $16,815.27.

Expensify Stock Performance

NASDAQ:EXFY traded down $0.25 on Wednesday, hitting $3.61. The stock had a trading volume of 746,053 shares, compared to its average volume of 730,777. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The firm’s fifty day simple moving average is $2.65 and its two-hundred day simple moving average is $2.18. The stock has a market cap of $278.53 million, a P/E ratio of -20.05 and a beta of 1.90.

Hedge Funds Weigh In On Expensify

Several institutional investors have recently modified their holdings of the business. Walleye Capital LLC increased its holdings in Expensify by 42.1% during the third quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after buying an additional 178,911 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Expensify during the 2nd quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify in the 2nd quarter worth approximately $86,000. Wealthspire Advisors LLC raised its holdings in shares of Expensify by 40.7% in 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after purchasing an additional 28,731 shares during the last quarter. 68.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXFY. Citigroup increased their price objective on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

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.