Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan Sells 12,320 Shares

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 12,320 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $3.85, for a total value of $47,432.00. Following the sale, the chief operating officer now owns 4,614 shares in the company, valued at approximately $17,763.90. This represents a 72.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 16th, Anuradha Muralidharan sold 2,676 shares of Expensify stock. The shares were sold at an average price of $3.84, for a total value of $10,275.84.
• 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 value 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 transaction of $16,815.27.

Expensify Stock Performance

NASDAQ EXFY opened at $3.61 on Thursday. The business’s fifty day moving average is $2.65 and its 200 day moving average is $2.18. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13. The company has a market capitalization of $278.53 million, a PE ratio of -20.05 and a beta of 1.90.

Hedge Funds Weigh In On Expensify

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Expensify by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after buying an additional 52,385 shares during the period. XTX Topco Ltd boosted its stake in shares of Expensify by 29.6% in the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after acquiring an additional 15,730 shares during the period. RBF Capital LLC grew its position in shares of Expensify by 10.9% during the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock worth $946,000 after purchasing an additional 47,389 shares in the last quarter. Walleye Capital LLC raised its stake in Expensify by 42.1% during the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after purchasing an additional 178,911 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after purchasing an additional 22,504 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on EXFY shares. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup raised their price objective on shares of 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.