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

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 2,676 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $3.84, for a total value of $10,275.84. Following the transaction, the chief operating officer now owns 16,754 shares of the company’s stock, valued at $64,335.36. This trade represents a 13.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 Price Performance

Shares of Expensify stock opened at $3.56 on Friday. The stock’s 50 day simple moving average is $2.69 and its 200-day simple moving average is $2.19. The stock has a market cap of $274.68 million, a P/E ratio of -19.78 and a beta of 1.90. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXFY. JMP Securities lowered shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup upped their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday.

Institutional Trading of Expensify

Several hedge funds have recently made changes to their positions in the business. Walleye Capital LLC grew its position 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 last quarter. GSA Capital Partners LLP purchased a new position in Expensify during the third quarter worth about $183,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Expensify by 25.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after buying an additional 63,052 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Expensify in the 2nd quarter valued at about $86,000. Finally, Geode Capital Management LLC boosted its stake 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 worth $1,010,000 after acquiring an additional 52,385 shares in the last quarter. 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.