Expensify, Inc. (NASDAQ:EXFY) Director Sells $17,550.00 in Stock

Key Points

• Expensify, Inc. Director Daniel Vidal sold 9,000 shares at an average price of $1.95, totaling $17,550, which decreased his ownership stake by 3.04%.
• The company's stock recently traded at $2.03, with significant trading volume and a market capitalization of $162.77 million.
• A number of analysts have downgraded Expensify's stock rating, with Wall Street Zen lowering it from "strong-buy" to "buy" and Lake Street Capital decreasing the price target from $5.00 to $4.50.

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) Director Daniel Vidal sold 9,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1.95, for a total transaction of $17,550.00. Following the sale, the director directly owned 286,817 shares in the company, valued at $559,293.15. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Daniel Vidal also recently made the following trade(s):

• On Tuesday, June 17th, Daniel Vidal sold 3,354 shares of Expensify stock. The shares were sold at an average price of $2.28, for a total transaction of $7,647.12.
• On Friday, May 30th, Daniel Vidal sold 909 shares of Expensify stock. The stock was sold at an average price of $2.22, for a total transaction of $2,017.98.

Expensify Stock Down 3.1%

EXFY traded down $0.07 during trading on Wednesday, reaching $2.01. The company had a trading volume of 129,457 shares, compared to its average volume of 527,356. The stock has a market cap of $161.16 million, a P/E ratio of -22.28 and a beta of 1.72. The business has a 50 day simple moving average of $2.29 and a 200-day simple moving average of $2.83. Expensify, Inc. has a 52 week low of $1.50 and a 52 week high of $4.13.

Institutional Trading of Expensify

Institutional investors have recently bought and sold shares of the stock. Kapitalo Investimentos Ltda bought a new stake in shares of Expensify during the second quarter worth $30,000. Mariner LLC bought a new stake in shares of Expensify in the fourth quarter valued at about $34,000. 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 valued at $36,000 after purchasing an additional 9,997 shares during the last quarter. Alpine Global Management LLC purchased a new position in Expensify in the fourth quarter valued at about $40,000. Finally, Virtu Financial LLC purchased a new position in Expensify in the first quarter valued at about $41,000. 68.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Lake Street Capital decreased their target price on shares of Expensify from $5.00 to $4.50 and set a "buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen lowered shares of Expensify from a "strong-buy" rating to a "buy" rating in a report on Sunday.

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.