Expensify, Inc. (NASDAQ:EXFY) COO Sells $10,275.84 in Stock

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) COO Anuradha Muralidharan sold 2,676 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.84, for a total value of $10,275.84. Following the sale, the chief operating officer now owns 16,754 shares in the company, valued at $64,335.36. This represents a 13.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, December 18th, Anuradha Muralidharan sold 12,320 shares of Expensify stock. The stock was sold at an average price of $3.85, for a total value of $47,432.00.
• On Tuesday, December 3rd, Anuradha Muralidharan sold 29,410 shares of Expensify stock. The shares were 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 stock was sold at an average price of $2.93, for a total transaction of $16,815.27.

Expensify Stock Down 6.5 %

EXFY traded down $0.25 during trading on Wednesday, reaching $3.61. 746,053 shares of the stock traded hands, compared to its average volume of 730,777. The stock's 50-day moving average is $2.65 and its 200 day moving average is $2.18. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.13. The stock has a market capitalization of $278.53 million, a PE ratio of -20.05 and a beta of 1.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EXFY. Geode Capital Management LLC boosted its stake in Expensify by 11.3% during the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company's stock worth $1,010,000 after acquiring an additional 52,385 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Expensify by 29.6% during the third quarter. XTX Topco Ltd now owns 68,789 shares of the company's stock valued at $135,000 after purchasing an additional 15,730 shares during the period. RBF Capital LLC boosted its position in shares of Expensify by 10.9% during the 3rd 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 grew its stake in shares of Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company's stock valued at $1,183,000 after buying an additional 178,911 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company's stock valued at $88,000 after buying an additional 22,504 shares during the period. 68.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on EXFY. Citigroup raised their price target on shares of Expensify from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Monday. JMP Securities cut Expensify from an "outperform" rating to a "market perform" rating in a report 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.

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