Expensify, Inc. (NASDAQ:EXFY – Get Free Report) major shareholder Steven J. Mclaughlin acquired 12,999 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were bought at an average cost of $1.45 per share, with a total value of $18,848.55. Following the completion of the transaction, the insider now directly owns 9,716,363 shares in the company, valued at approximately $14,088,726.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Expensify Price Performance
Shares of EXFY stock opened at $1.49 on Friday. The stock has a 50 day simple moving average of $1.58 and a 200-day simple moving average of $1.80. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $8.25.
Expensify (NASDAQ:EXFY – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The business’s revenue for the quarter was down 16.5% on a year-over-year basis. Sell-side analysts expect that Expensify, Inc. will post -0.11 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on EXFY
Hedge Funds Weigh In On Expensify
Several hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd purchased a new position in Expensify in the 1st quarter valued at approximately $65,000. Acadian Asset Management LLC increased its stake 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. increased its stake 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. increased its stake 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 position in Expensify in the 4th quarter valued at approximately $61,000. 68.42% of the stock is owned by hedge funds and other institutional investors.
Expensify Company Profile
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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