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

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 12,320 shares of Expensify 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 sale, the chief operating officer now directly owns 4,614 shares in the company, valued at $17,763.90. This trade represents a 72.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 Trading Down 6.5 %

EXFY stock opened at $3.61 on Thursday. The stock has a market cap of $278.53 million, a PE ratio of -20.05 and a beta of 1.90. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.13. The company has a 50-day moving average price of $2.65 and a 200 day moving average price of $2.18.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup increased their price objective on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Monday. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

Institutional Investors Weigh In On Expensify

A number of institutional investors and hedge funds have recently modified their holdings of EXFY. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 52,385 shares during the last quarter. XTX Topco Ltd grew its holdings 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 purchasing an additional 15,730 shares during the last quarter. RBF Capital LLC increased its stake in Expensify by 10.9% in the 3rd quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock worth $946,000 after buying an additional 47,389 shares during the period. Walleye Capital LLC boosted its position in 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 boosted its position in 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.

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.