Anuradha Muralidharan Sells 21,118 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFYGet Free Report) COO Anuradha Muralidharan sold 21,118 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $1.43, for a total value of $30,198.74. Following the sale, the chief operating officer now owns 58,259 shares of the company’s stock, valued at approximately $83,310.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, June 3rd, Anuradha Muralidharan sold 17,520 shares of Expensify stock. The shares were sold at an average price of $1.50, for a total value of $26,280.00.
  • On Wednesday, March 20th, Anuradha Muralidharan sold 2,816 shares of Expensify stock. The stock was sold at an average price of $1.91, for a total value of $5,378.56.
  • On Friday, March 15th, Anuradha Muralidharan sold 608 shares of Expensify stock. The stock was sold at an average price of $2.00, for a total value of $1,216.00.
  • On Wednesday, March 13th, Anuradha Muralidharan sold 20,000 shares of Expensify stock. The stock was sold at an average price of $2.15, for a total value of $43,000.00.
  • On Monday, March 11th, Anuradha Muralidharan sold 16,584 shares of Expensify stock. The stock was sold at an average price of $2.14, for a total value of $35,489.76.

Expensify Stock Performance

NASDAQ EXFY opened at $1.45 on Friday. The business has a 50 day simple moving average of $1.63 and a two-hundred day simple moving average of $1.92. Expensify, Inc. has a 1-year low of $1.40 and a 1-year high of $8.25.

Expensify (NASDAQ:EXFYGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The company had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. Expensify’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. As a group, equities analysts anticipate that Expensify, Inc. will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on EXFY. Piper Sandler reduced their price target on Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Friday, February 23rd. Morgan Stanley upgraded Expensify from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Citigroup cut their target price on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Expensify has a consensus rating of “Hold” and an average price target of $4.20.

Check Out Our Latest Stock Report on Expensify

Hedge Funds Weigh In On Expensify

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd bought a new stake in Expensify during the 1st quarter valued at $65,000. Acadian Asset Management LLC raised its position in Expensify by 74.4% during the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after purchasing an additional 129,689 shares in the last quarter. Vanguard Group Inc. raised its position in Expensify by 16.6% during the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares in the last quarter. Palogic Value Management L.P. raised its position in Expensify by 33.3% during the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Azora Capital LP bought a new stake in Expensify during the 4th quarter valued at $61,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

About Expensify

(Get Free Report)

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.

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