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

Expensify, Inc. (NASDAQ:EXFY) 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 transaction of $10,275.84. Following the completion of the transaction, the chief operating officer now owns 16,754 shares of the company’s stock, valued at approximately $64,335.36. This trade represents a 13.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 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 value of $16,815.27.

Expensify Stock Performance

EXFY opened at $3.61 on Thursday. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.13. The company has a market cap of $278.53 million, a P/E ratio of -20.05 and a beta of 1.90. The business’s 50-day simple moving average is $2.65 and its 200-day simple moving average is $2.18.

Hedge Funds Weigh In On Expensify

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXFY. Walleye Capital LLC lifted its position in shares of Expensify by 42.1% during the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after buying an additional 178,911 shares during the last quarter. Geode Capital Management LLC raised its stake in 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. RBF Capital LLC lifted its position in Expensify by 10.9% in the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock valued at $946,000 after acquiring an additional 47,389 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 acquiring an additional 63,052 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Expensify during the third quarter worth about $183,000. 68.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXFY has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

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.