Insider Selling: Expensify, Inc. (NASDAQ:EXFY) CFO Sells $31,250.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) CFO Ryan Schaffer sold 12,500 shares of Expensify stock in a transaction on Friday, November 8th. The stock was sold at an average price of $2.50, for a total transaction of $31,250.00. Following the transaction, the chief financial officer now directly owns 159,295 shares in the company, valued at approximately $398,237.50. This represents a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 16th, Ryan Schaffer sold 2,667 shares of Expensify stock. The stock was sold at an average price of $2.28, for a total value of $6,080.76.
• On Tuesday, September 3rd, Ryan Schaffer sold 12,500 shares of Expensify stock. The shares were sold at an average price of $2.27, for a total value of $28,375.00.

Expensify Trading Up 7.2 %

EXFY opened at $3.29 on Friday. The stock has a market capitalization of $253.97 million, a P/E ratio of -18.44 and a beta of 1.51. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $3.34. The firm’s fifty day simple moving average is $2.10 and its 200 day simple moving average is $1.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Expensify by 16.6% during the first 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 during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Expensify by 74.4% in the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after buying an additional 129,689 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Expensify in the 1st quarter valued at approximately $65,000. Marshall Wace LLP bought a new position in shares of Expensify in the second quarter valued at $53,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Expensify during the second quarter worth $86,000. 68.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Expensify Company Profile

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.