Expensify, Inc. (NASDAQ:EXFY) CFO Sells $150,000.00 in Stock

Expensify, Inc. (NASDAQ:EXFYGet Free Report) CFO Ryan Schaffer sold 75,000 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $2.00, for a total value of $150,000.00. Following the completion of the sale, the chief financial officer now owns 144,635 shares in the company, valued at $289,270. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, June 17th, Ryan Schaffer sold 2,443 shares of Expensify stock. The stock was sold at an average price of $1.34, for a total value of $3,273.62.
  • On Monday, June 3rd, Ryan Schaffer sold 5,046 shares of Expensify stock. The stock was sold at an average price of $1.50, for a total value of $7,569.00.

Expensify Stock Up 37.9 %

EXFY stock traded up $0.55 during trading on Tuesday, hitting $2.00. The company had a trading volume of 21,890,066 shares, compared to its average volume of 782,491. The firm has a market cap of $172.98 million, a PE ratio of -4.17 and a beta of 1.47. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $8.25. The firm has a 50-day moving average price of $1.58 and a 200-day moving average price of $1.76.

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

Institutional Investors Weigh In On Expensify

A number of institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd purchased a new stake in Expensify in the 1st quarter valued at approximately $65,000. Acadian Asset Management LLC boosted its holdings in 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 in the last quarter. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Palogic Value Management L.P. boosted its holdings in Expensify by 33.3% in 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 purchased a new stake in Expensify in the 4th quarter valued at approximately $61,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of Expensify in a research report on Friday, June 14th. 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 on the stock in a research report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.20.

Check Out Our Latest Stock Report on Expensify

Expensify Company Profile

(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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Insider Buying and Selling by Quarter for Expensify (NASDAQ:EXFY)

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