Expensify, Inc. (NASDAQ:EXFY) Director Sells $24,300.00 in Stock

Expensify, Inc. (NASDAQ:EXFY - Get Free Report) Director Daniel Vidal sold 15,000 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $1.62, for a total transaction of $24,300.00. Following the transaction, the director now owns 135,933 shares in the company, valued at approximately $220,211.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, March 15th, Daniel Vidal sold 20,000 shares of Expensify stock. The shares were sold at an average price of $2.00, for a total transaction of $40,000.00.
• On Monday, March 11th, Daniel Vidal sold 5,202 shares of Expensify stock. The shares were sold at an average price of $2.14, for a total transaction of $11,132.28.

Expensify Trading Down 1.2 %

Expensify stock traded down $0.02 during midday trading on Wednesday, hitting $1.70. The stock had a trading volume of 279,405 shares, compared to its average volume of 602,298. The firm's fifty day moving average is $1.70 and its two-hundred day moving average is $1.97. The company has a market capitalization of $121.99 million, a PE ratio of -3.54 and a beta of 1.48. Expensify, Inc. has a 52-week low of $1.40 and a 52-week high of $8.25.

Expensify (NASDAQ:EXFY - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.12). Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The company had revenue of $33.50 million for the quarter, compared to analysts' expectations of $35.56 million. During the same period last year, the business earned ($0.07) earnings per share. The company's quarterly revenue was down 16.5% compared to the same quarter last year. As a group, equities research analysts predict that Expensify, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Expensify

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC grew its holdings in Expensify by 63.5% during the 3rd quarter. Hsbc Holdings PLC now owns 55,876 shares of the company's stock valued at $184,000 after buying an additional 21,700 shares in the last quarter. Barclays PLC grew its holdings in Expensify by 433.4% during the 3rd quarter. Barclays PLC now owns 105,759 shares of the company's stock valued at $344,000 after buying an additional 85,931 shares in the last quarter. Walleye Capital LLC grew its holdings in Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company's stock valued at $2,322,000 after buying an additional 570,495 shares in the last quarter. Aigen Investment Management LP purchased a new stake in Expensify during the 3rd quarter valued at approximately $134,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Expensify in the third quarter valued at $35,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EXFY. Piper Sandler lowered their price objective 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. Citigroup reduced their target price on shares of Expensify from $5.00 to $4.00 and set a "buy" rating for the company in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $4.20.

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.

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