Expensify, Inc. (NASDAQ:EXFY) Stock Holdings Decreased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its stake in shares of Expensify, Inc. (NASDAQ:EXFY) by 90.9% during the third quarter, HoldingsChannel.com reports. The firm owned 76,945 shares of the company’s stock after selling 771,727 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Expensify were worth $151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXFY. Marshall Wace LLP purchased a new position in Expensify during the second quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Expensify during the second quarter valued at approximately $86,000. Dynamic Technology Lab Private Ltd grew its position in Expensify by 100.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after purchasing an additional 22,504 shares in the last quarter. Wealthspire Advisors LLC grew its position in Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after purchasing an additional 19,157 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Expensify by 76.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after purchasing an additional 28,731 shares in the last quarter. 68.42% of the stock is owned by hedge funds and other institutional investors.

Expensify Stock Down 1.6 %

NASDAQ EXFY opened at $3.62 on Wednesday. The stock has a market capitalization of $279.30 million, a PE ratio of -20.11 and a beta of 1.89. The company has a 50 day moving average price of $2.45 and a two-hundred day moving average price of $2.10. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $3.87.

Insider Buying and Selling at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 29,410 shares of Expensify stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $3.40, for a total value of $99,994.00. Following the completion of the sale, the chief operating officer now directly owns 3,941 shares in the company, valued at $13,399.40. The trade was a 88.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Michael Barrett sold 15,454 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $2.91, for a total transaction of $44,971.14. Following the completion of the sale, the chief executive officer now owns 2,378,319 shares of the company’s stock, valued at $6,920,908.29. The trade was a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 182,517 shares of company stock worth $512,180 over the last ninety days. 17.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

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.