Insider Selling: Expensify, Inc. (NASDAQ:EXFY) Director Sells $11,132.28 in Stock

Expensify, Inc. (NASDAQ:EXFYGet Free Report) Director Daniel Vidal sold 5,202 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $2.14, for a total value of $11,132.28. Following the sale, the director now owns 149,727 shares of the company’s stock, valued at $320,415.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Expensify Stock Down 2.0 %

NASDAQ EXFY opened at $1.99 on Friday. Expensify, Inc. has a 52 week low of $1.52 and a 52 week high of $8.69. The firm has a market cap of $140.45 million, a PE ratio of -3.90 and a beta of 1.51. The business’s fifty day simple moving average is $1.88 and its 200-day simple moving average is $2.51.

Expensify (NASDAQ:EXFYGet Free Report) last posted its earnings results on Thursday, February 22nd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.06). The business had revenue of $35.20 million for the quarter, compared to analyst estimates of $36.85 million. Expensify had a negative return on equity of 41.91% and a negative net margin of 27.70%. Expensify’s revenue was down 19.1% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. Research analysts expect that Expensify, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

Separately, Piper Sandler lowered their target price on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.50.

Get Our Latest Stock Report on EXFY

Institutional Investors Weigh In On Expensify

Institutional investors and hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY purchased a new stake in Expensify in the second quarter valued at approximately $25,000. FNY Investment Advisers LLC boosted its holdings in Expensify by 212.5% during the 4th quarter. FNY Investment Advisers LLC now owns 12,500 shares of the company’s stock valued at $30,000 after acquiring an additional 8,500 shares during the period. Royal Bank of Canada grew its position in Expensify by 117.8% in the 3rd quarter. Royal Bank of Canada now owns 2,178 shares of the company’s stock valued at $33,000 after acquiring an additional 1,178 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Expensify during the third quarter worth about $35,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Expensify during the second quarter worth about $36,000. 56.70% of the stock is owned by hedge funds and other institutional investors.

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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