Insider Selling: Expensify, Inc. (NASDAQ:EXFY) COO Sells 5,739 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 5,739 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $2.93, for a total value of $16,815.27. Following the sale, the chief operating officer now owns 33,351 shares of the company’s stock, valued at approximately $97,718.43. This trade represents a 14.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, September 17th, Anuradha Muralidharan sold 198 shares of Expensify stock. The stock was sold at an average price of $2.27, for a total value of $449.46.
• On Thursday, September 5th, Anuradha Muralidharan sold 20,000 shares of Expensify stock. The shares were sold at an average price of $2.24, for a total value of $44,800.00.

Expensify Stock Performance

Expensify stock opened at $3.32 on Friday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $3.34. The firm has a market capitalization of $256.17 million, a PE ratio of -18.44 and a beta of 1.51. The business’s 50-day simple moving average is $2.10 and its 200-day simple moving average is $1.93.

Analyst Ratings Changes

Separately, JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price objective for the company in a research note on Friday, August 9th.

Institutional Trading of Expensify

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Expensify by 16.6% in the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after acquiring an additional 476,687 shares during the period. Acadian Asset Management LLC raised its stake in Expensify by 74.4% during the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after purchasing an additional 129,689 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Expensify in the 1st quarter valued at $65,000. Marshall Wace LLP acquired a new stake in Expensify in the 2nd quarter worth $53,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Expensify during the 2nd quarter worth about $86,000. Institutional investors and hedge funds 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.