Anuradha Muralidharan Sells 25,245 Shares of Expensify (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) COO Anuradha Muralidharan sold 25,245 shares of Expensify stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $1.94, for a total value of $48,975.30. Following the completion of the transaction, the chief operating officer directly owned 61,041 shares in the company, valued at $118,419.54. This trade represents a 29.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, August 20th, Anuradha Muralidharan sold 1,558 shares of Expensify stock. The shares were sold at an average price of $1.72, for a total value of $2,679.76.
• On Tuesday, June 17th, Anuradha Muralidharan sold 521 shares of Expensify stock. The shares were sold at an average price of $2.28, for a total value of $1,187.88.

Expensify Stock Performance

EXFY opened at $1.92 on Friday. Expensify, Inc. has a 52-week low of $1.60 and a 52-week high of $4.13. The stock has a market capitalization of $154.66 million, a PE ratio of -12.00 and a beta of 1.72. The stock’s 50 day moving average price is $2.08 and its 200-day moving average price is $2.55.

Analyst Ratings Changes

Several research firms have recently issued reports on EXFY. BMO Capital Markets reduced their target price on Expensify from $3.00 to $2.50 and set a “market perform” rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised Expensify from a “hold” rating to a “buy” rating in a research note on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Expensify presently has a consensus rating of “Moderate Buy” and an average target price of $4.00.

Institutional Investors Weigh In On Expensify

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. R Squared Ltd grew its stake in Expensify by 38.2% in the first quarter. R Squared Ltd now owns 18,790 shares of the company’s stock worth $57,000 after purchasing an additional 5,190 shares during the period. OMERS ADMINISTRATION Corp grew its stake in Expensify by 4.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 125,800 shares of the company’s stock worth $382,000 after purchasing an additional 5,700 shares during the period. State of Wyoming grew its stake in Expensify by 13.3% in the fourth quarter. State of Wyoming now owns 52,364 shares of the company’s stock worth $175,000 after purchasing an additional 6,138 shares during the period. Tower Research Capital LLC TRC grew its stake in Expensify by 1,194.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock worth $36,000 after purchasing an additional 9,997 shares during the period. Finally, Mariner LLC purchased a new stake in Expensify in the fourth quarter worth $34,000. 68.42% of the stock is 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.