Insider Selling: Expensify, Inc. (NASDAQ:EXFY) COO Sells $16,815.27 in Stock

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 5,739 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $2.93, for a total transaction of $16,815.27. Following the completion of the transaction, the chief operating officer now directly owns 33,351 shares of the company’s stock, valued at $97,718.43. This represents a 14.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 17th, Anuradha Muralidharan sold 198 shares of Expensify stock. The shares were sold at an average price of $2.27, for a total value of $449.46.
• On Thursday, September 5th, Anuradha Muralidharan sold 20,000 shares of Expensify stock. The shares were sold at an average price of $2.24, for a total value of $44,800.00.

Expensify Price Performance

Shares of NASDAQ:EXFY opened at $3.32 on Friday. The firm has a fifty day moving average of $2.10 and a two-hundred day moving average of $1.93. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $3.34. The firm has a market capitalization of $256.17 million, a P/E ratio of -18.44 and a beta of 1.51.

Wall Street Analyst Weigh In

Separately, JMP Securities upgraded Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price objective for the company in a research report on Friday, August 9th.

Institutional Trading of Expensify

Several hedge funds and other institutional investors have recently modified their holdings of EXFY. Marshall Wace LLP purchased a new position in Expensify in the second quarter valued at about $53,000. Quadrature Capital Ltd bought a new stake in shares of Expensify in the 1st quarter valued at approximately $65,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Expensify in the second quarter worth approximately $86,000. Dynamic Technology Lab Private Ltd raised its position in Expensify by 100.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after acquiring an additional 22,504 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in Expensify by 40.7% in the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after acquiring an additional 19,157 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.