SG Americas Securities LLC Takes $39,000 Position in Expensify, Inc. (NASDAQ:EXFY)

SG Americas Securities LLC acquired a new stake in Expensify, Inc. (NASDAQ:EXFY) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 11,687 shares of the company’s stock, valued at approximately $39,000.

Several other hedge funds also recently modified their holdings of the stock. Walleye Capital LLC grew its holdings in shares of Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after acquiring an additional 178,911 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Expensify by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after acquiring an additional 52,385 shares in the last quarter. RBF Capital LLC grew its holdings in shares of Expensify by 10.9% in the 3rd quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock valued at $946,000 after acquiring an additional 47,389 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Expensify by 25.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after purchasing an additional 63,052 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Expensify by 33.5% during the third quarter. JPMorgan Chase & Co. now owns 160,002 shares of the company’s stock worth $314,000 after purchasing an additional 40,141 shares during the period. Institutional investors own 68.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on EXFY shares. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup lifted their price target on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

Insider Buying and Selling

In other news, CEO David Michael Barrett sold 16,715 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $3.27, for a total transaction of $54,658.05. Following the completion of the transaction, the chief executive officer now directly owns 2,072,233 shares of the company’s stock, valued at $6,776,201.91. This represents a 0.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anuradha Muralidharan sold 29,410 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $3.40, for a total transaction of $99,994.00. Following the completion of the transaction, the chief operating officer now directly owns 3,941 shares of the company’s stock, valued at approximately $13,399.40. This trade represents a 88.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 262,214 shares of company stock worth $871,114 in the last quarter. Insiders own 17.33% of the company’s stock.

Expensify Trading Down 2.3 %

Shares of EXFY opened at $3.84 on Friday. The stock has a market capitalization of $296.29 million, a P/E ratio of -21.33 and a beta of 1.87. The firm’s fifty day simple moving average is $3.58 and its two-hundred day simple moving average is $2.73. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.13.

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.