Expensify, Inc. (NASDAQ:EXFY) Director Sells $65,600.07 in Stock

Expensify, Inc. (NASDAQ:EXFY) Director Timothy L. Christen sold 18,273 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $3.59, for a total value of $65,600.07. Following the completion of the sale, the director now owns 194,983 shares in the company, valued at $699,988.97. This represents a 8.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Expensify Trading Down 4.4 %

NASDAQ EXFY opened at $3.47 on Friday. The business’s 50-day moving average price is $2.93 and its 200 day moving average price is $2.28. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.13. The company has a market capitalization of $267.73 million, a PE ratio of -19.28 and a beta of 1.90.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EXFY shares. Citigroup upped their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday, December 16th. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXFY. Wealthspire Advisors LLC increased its position in Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after purchasing an additional 19,157 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Expensify during the 2nd quarter worth $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Expensify in the 2nd quarter worth $86,000. GSA Capital Partners LLP acquired a new position in Expensify in the third quarter valued at $183,000. 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 acquiring an additional 28,731 shares during the period. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

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.