Jefferies Financial Group Inc. Buys 14,922 Shares of Expensify, Inc. (NASDAQ:EXFY)

Jefferies Financial Group Inc. lifted its position in Expensify, Inc. (NASDAQ:EXFY) by 33.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,722 shares of the company’s stock after purchasing an additional 14,922 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Expensify were worth $200,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EXFY. Mariner LLC bought a new position in Expensify during the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC raised its stake in shares of Expensify by 1,194.4% in the fourth 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 last quarter. SG Americas Securities LLC bought a new position in shares of Expensify in the fourth quarter valued at approximately $39,000. Alpine Global Management LLC acquired a new position in shares of Expensify in the 4th quarter worth approximately $40,000. Finally, R Squared Ltd bought a new stake in Expensify during the 4th quarter worth approximately $46,000. Institutional investors own 68.42% of the company’s stock.

Insider Transactions at Expensify

In related news, 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 value of $28,350.00. Following the transaction, the director now owns 232,428 shares in the company, valued at $732,148.20. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Michael Barrett sold 39,399 shares of Expensify stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $2.75, for a total value of $108,347.25. Following the completion of the sale, the chief executive officer now owns 1,634,345 shares of the company’s stock, valued at approximately $4,494,448.75. The trade was a 2.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 280,921 shares of company stock worth $886,854. Corporate insiders own 12.27% of the company’s stock.

Expensify Trading Down 0.8%

EXFY opened at $2.37 on Monday. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13. The stock has a market capitalization of $190.49 million, a PE ratio of -13.17 and a beta of 1.86. The firm has a 50-day moving average price of $2.90 and a two-hundred day moving average price of $3.20.

Expensify declared that its Board of Directors has initiated a stock repurchase plan on Thursday, February 27th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 20.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

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

Expensify Company Profile

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.