Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan Sells 5,739 Shares

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

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

• On Tuesday, September 17th, Anuradha Muralidharan sold 198 shares of Expensify stock. The stock was 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 stock was sold at an average price of $2.24, for a total value of $44,800.00.

Expensify Price Performance

Shares of EXFY traded up $0.10 during midday trading on Tuesday, hitting $2.77. The stock had a trading volume of 758,803 shares, compared to its average volume of 725,008. The company has a 50 day simple moving average of $2.08 and a two-hundred day simple moving average of $1.91. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $2.99. The firm has a market cap of $213.73 million, a price-to-earnings ratio of -15.39 and a beta of 1.51.

Analysts Set New Price Targets

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

Institutional Trading of Expensify

Several hedge funds and other institutional investors have recently modified their holdings of EXFY. Vanguard Group Inc. raised its stake in shares of Expensify by 16.6% in 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 during the period. Acadian Asset Management LLC raised its stake 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 purchasing an additional 129,689 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Expensify in the 1st quarter valued at about $65,000. Wealthspire Advisors LLC grew its holdings in shares of Expensify by 40.7% in the 2nd 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 in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Expensify in the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

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.