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

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 12,320 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $3.85, for a total value of $47,432.00. Following the completion of the transaction, the chief operating officer now directly owns 4,614 shares of the company’s stock, valued at $17,763.90. The trade was a 72.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 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 shares were sold at an average price of $2.93, for a total transaction of $16,815.27.

Expensify Price Performance

NASDAQ EXFY traded down $0.25 during trading hours on Wednesday, hitting $3.61. 746,053 shares of the company’s stock traded hands, compared to its average volume of 730,777. The firm’s 50-day moving average is $2.65 and its 200-day moving average is $2.18. Expensify, Inc. has a 52-week low of $1.24 and a 52-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.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXFY. JMP Securities lowered shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup increased their price objective on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday.

Institutional Investors Weigh In On Expensify

A number of large investors have recently made changes to their positions in EXFY. Geode Capital Management LLC boosted its position in shares of Expensify by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after acquiring an additional 52,385 shares during the last quarter. XTX Topco Ltd raised its stake in Expensify by 29.6% during the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after purchasing an additional 15,730 shares during the period. RBF Capital LLC boosted its holdings in Expensify by 10.9% in the 3rd quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock valued at $946,000 after purchasing an additional 47,389 shares during 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 increased its holdings in shares of Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after buying an additional 22,504 shares during the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

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.