Expensify, Inc. (NASDAQ:EXFY) CFO Ryan Schaffer Sells 12,500 Shares

Expensify, Inc. (NASDAQ:EXFY) CFO Ryan Schaffer sold 12,500 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $2.27, for a total value of $28,375.00. Following the transaction, the chief financial officer now directly owns 152,531 shares of the company’s stock, valued at $346,245.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ryan Schaffer also recently made the following trade(s):

• On Tuesday, July 9th, Ryan Schaffer sold 75,000 shares of Expensify stock. The stock was sold at an average price of $2.00, for a total transaction of $150,000.00.
• On Monday, June 17th, Ryan Schaffer sold 2,443 shares of Expensify stock. The shares were sold at an average price of $1.34, for a total transaction of $3,273.62.

Expensify Price Performance

Shares of EXFY opened at $2.24 on Friday. The company’s 50-day moving average is $2.01 and its 200-day moving average is $1.81. The firm has a market capitalization of $193.75 million, a PE ratio of -4.67 and a beta of 1.54. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.24.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%. The company had revenue of $33.29 million for the quarter, compared to analyst estimates of $35.69 million. Analysts predict that Expensify, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. JMP Securities upgraded Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.63.

Institutional Trading of Expensify

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Expensify by 16.6% during the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after buying an additional 476,687 shares in the last quarter. Palogic Value Management L.P. raised its stake in Expensify by 33.3% in the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after purchasing an additional 200,000 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Expensify by 74.4% during the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after purchasing an additional 129,689 shares in the last quarter. Ceera Investments LLC bought a new position in shares of Expensify during the fourth quarter worth approximately $309,000. Finally, CastleKnight Management LP raised its position in shares of Expensify by 79.5% in the fourth quarter. CastleKnight Management LP now owns 131,200 shares of the company’s stock valued at $324,000 after buying an additional 58,100 shares in the last quarter. 68.42% of the stock is currently 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.