27,099 Shares in Expensify, Inc. (NASDAQ:EXFY) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new position in shares of Expensify, Inc. (NASDAQ:EXFY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,099 shares of the company’s stock, valued at approximately $91,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Expensify during the 4th quarter valued at about $39,000. R Squared Ltd bought a new stake in Expensify during the fourth quarter valued at approximately $46,000. Quantbot Technologies LP purchased a new position in Expensify in the 4th quarter worth approximately $68,000. XTX Topco Ltd increased its holdings in shares of Expensify by 29.6% in the 3rd quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after buying an additional 15,730 shares during the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Expensify during the 4th quarter valued at $146,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Expensify Stock Up 1.1 %

Expensify stock opened at $2.73 on Tuesday. The firm has a fifty day simple moving average of $3.31 and a two-hundred day simple moving average of $3.05. 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 $217.05 million, a PE ratio of -15.17 and a beta of 1.87.

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

Analyst Ratings Changes

EXFY has been the subject of several research reports. Citigroup upped their target price on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Lake Street Capital upped their price objective on Expensify from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, February 28th.

Insider Activity

In other Expensify news, Director Daniel Vidal sold 9,000 shares of Expensify stock in a transaction that occurred on 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 directly owns 232,428 shares of the company’s stock, valued at $732,148.20. The trade was a 3.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Michael Barrett sold 45,643 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $3.68, for a total value of $167,966.24. Following the sale, the chief executive officer now directly owns 2,026,590 shares of the company’s stock, valued at approximately $7,457,851.20. This trade represents a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 269,133 shares of company stock valued at $918,301. Insiders own 17.33% of the company’s stock.

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.