OMERS ADMINISTRATION Corp Makes New $402,000 Investment in Expensify, Inc. (NASDAQ:EXFY)

OMERS ADMINISTRATION Corp acquired a new stake in shares of Expensify, Inc. (NASDAQ:EXFY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 120,100 shares of the company’s stock, valued at approximately $402,000. OMERS ADMINISTRATION Corp owned 0.16% of Expensify at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EXFY. Mariner LLC purchased a new position in Expensify during the fourth quarter valued at $34,000. Tower Research Capital LLC TRC grew its position in shares of Expensify by 1,194.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock valued at $36,000 after purchasing an additional 9,997 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Expensify in the fourth quarter worth about $39,000. Alpine Global Management LLC purchased a new stake in shares of Expensify in the fourth quarter worth about $40,000. Finally, R Squared Ltd purchased a new stake in shares of Expensify in the fourth quarter worth about $46,000. 68.42% of the stock is currently owned by institutional investors.

Expensify Price Performance

Shares of NASDAQ EXFY opened at $2.42 on Tuesday. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13. The business’s 50 day moving average is $2.88 and its two-hundred day moving average is $3.21. The stock has a market capitalization of $194.51 million, a P/E ratio of -13.44 and a beta of 1.86.

Expensify announced that its board has authorized a stock repurchase program on Thursday, February 27th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 20.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lowered their target price on Expensify from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, May 9th.

Insider Transactions at Expensify

In related news, CEO David Michael Barrett sold 39,399 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $2.75, for a total transaction of $108,347.25. Following the transaction, the chief executive officer now directly owns 1,634,345 shares in the company, valued at approximately $4,494,448.75. This represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel Vidal sold 9,000 shares of the firm’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $3.15, for a total transaction of $28,350.00. Following the completion of the sale, the director now directly owns 232,428 shares of the company’s stock, valued at approximately $732,148.20. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,278 shares of company stock worth $718,887. 12.27% of the stock is currently owned by company insiders.

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.