Expensify, Inc. (NASDAQ:EXFY - Get Free Report) Director Daniel Vidal sold 9,000 shares of Expensify stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $3.15, for a total value of $28,350.00. Following the transaction, the director now owns 232,428 shares of the company's stock, valued at $732,148.20. This trade represents a 3.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Expensify Stock Down 2.3 %
Expensify stock opened at $3.04 on Tuesday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13. The company's 50 day moving average price is $3.50 and its two-hundred day moving average price is $3.01. The stock has a market cap of $241.70 million, a P/E ratio of -16.89 and a beta of 1.83.
Expensify announced that its Board of Directors has approved a share buyback program on Thursday, February 27th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 20.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on EXFY shares. Citigroup lifted their target price on Expensify from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Lake Street Capital upped their target price on shares of Expensify from $3.00 to $5.00 and gave the stock a "buy" rating in a research note on Friday, February 28th.
Check Out Our Latest Stock Analysis on EXFY
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of EXFY. Ceera Investments LLC boosted its holdings in shares of Expensify by 1.0% in the 4th quarter. Ceera Investments LLC now owns 439,330 shares of the company's stock worth $1,472,000 after buying an additional 4,330 shares during the last quarter. State of Wyoming boosted its stake in Expensify by 13.3% in the fourth quarter. State of Wyoming now owns 52,364 shares of the company's stock valued at $175,000 after acquiring an additional 6,138 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Expensify by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 316,976 shares of the company's stock valued at $1,062,000 after acquiring an additional 8,911 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Expensify by 1,194.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company's stock valued at $36,000 after acquiring an additional 9,997 shares during the period. Finally, Mariner LLC purchased a new stake in shares of Expensify during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 68.42% of the company's stock.
About Expensify
(
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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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