Expensify, Inc. (NASDAQ:EXFY) Director Daniel Vidal Sells 9,000 Shares

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 business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1.95, for a total value of $17,550.00. Following the sale, the director owned 286,817 shares of the company's stock, valued at approximately $559,293.15. This represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 Performance

Shares of EXFY traded down $0.24 during mid-day trading on Friday, reaching $1.71. The stock had a trading volume of 801,776 shares, compared to its average volume of 533,076. The business has a fifty day moving average of $2.28 and a 200 day moving average of $2.82. The firm has a market cap of $137.04 million, a price-to-earnings ratio of -18.56 and a beta of 1.72. Expensify, Inc. has a 12 month low of $1.62 and a 12 month high of $4.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Expensify by 35.0% during the fourth quarter. JPMorgan Chase & Co. now owns 215,933 shares of the company's stock valued at $723,000 after acquiring an additional 55,931 shares during the period. Northern Trust Corp grew its position in shares of Expensify by 15.8% during the fourth quarter. Northern Trust Corp now owns 107,305 shares of the company's stock worth $359,000 after purchasing an additional 14,676 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in Expensify during the 1st quarter valued at approximately $159,000. American Century Companies Inc. raised its stake in Expensify by 67.7% during the 4th quarter. American Century Companies Inc. now owns 68,228 shares of the company's stock valued at $229,000 after purchasing an additional 27,541 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Expensify by 5.8% in the 4th quarter. Geode Capital Management LLC now owns 544,680 shares of the company's stock worth $1,825,000 after purchasing an additional 29,732 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company's stock.

Wall Street Analysts Forecast Growth

EXFY has been the subject of several analyst reports. Wall Street Zen lowered Expensify from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 3rd. BMO Capital Markets cut their price target on Expensify from $3.00 to $2.50 and set a "market perform" rating for the company in a report on Friday. Finally, Lake Street Capital reduced their price target on Expensify from $5.00 to $4.50 and set a "buy" rating for the company in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $3.63.

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.