Expensify, Inc. (NASDAQ:EXFY) Short Interest Up 7.8% in September

Expensify, Inc. (NASDAQ:EXFY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 498,300 shares, an increase of 7.8% from the September 15th total of 462,300 shares. Based on an average daily volume of 659,500 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.9% of the company’s shares are short sold.

Insider Transactions at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 20,000 shares of Expensify stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $2.35, for a total transaction of $47,000.00. Following the transaction, the chief operating officer now directly owns 40,224 shares of the company’s stock, valued at $94,526.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Anuradha Muralidharan sold 20,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $2.35, for a total transaction of $47,000.00. Following the completion of the sale, the chief operating officer now directly owns 40,224 shares of the company’s stock, valued at approximately $94,526.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Michael Barrett sold 11,095 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.28, for a total value of $25,296.60. Following the transaction, the chief executive officer now owns 173,820 shares in the company, valued at approximately $396,309.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 847,645 shares of company stock worth $1,909,748 in the last three months. 17.33% of the stock is currently owned by company insiders.

Institutional Trading of Expensify

A number of hedge funds and other institutional investors have recently made changes to their positions in EXFY. Vanguard Group Inc. grew its stake in Expensify by 16.6% in the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after purchasing an additional 476,687 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Expensify by 74.4% in the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after acquiring an additional 129,689 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in shares of Expensify by 40.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after acquiring an additional 19,157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Expensify during the 2nd quarter valued at approximately $86,000. Finally, Marshall Wace LLP bought a new position in Expensify during the second quarter worth $53,000. Institutional investors own 68.42% of the company’s stock.

Expensify Stock Performance

Shares of NASDAQ EXFY opened at $1.81 on Friday. Expensify has a 1 year low of $1.24 and a 1 year high of $3.05. The stock’s 50-day simple moving average is $2.17 and its 200-day simple moving average is $1.83. The firm has a market cap of $156.55 million, a price-to-earnings ratio of -3.77 and a beta of 1.52.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Expensify had a negative net margin of 22.41% and a negative return on equity of 29.82%. The business had revenue of $33.29 million for the quarter, compared to analyst estimates of $35.69 million.

Analyst Ratings Changes

Separately, JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price objective on the stock in a research note on Friday, August 9th.

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.