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 firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.59, for a total transaction of $65,600.07. Following the completion of the transaction, the director now owns 194,983 shares in the company, valued at approximately $699,988.97. The trade was a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Expensify Stock Performance

Expensify stock opened at $3.47 on Friday. Expensify, Inc. has a one year low of $1.24 and a one year high of $4.13. The company has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $2.27. The firm has a market capitalization of $267.73 million, a P/E ratio of -19.28 and a beta of 1.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd raised its holdings in shares of Expensify by 29.6% during the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock valued at $135,000 after buying an additional 15,730 shares during the last quarter. Wealthspire Advisors LLC increased its position in Expensify by 40.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after acquiring an additional 19,157 shares during the period. Dynamic Technology Lab Private Ltd increased its position in Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after acquiring an additional 22,504 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Expensify by 76.9% during the 3rd 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 in the last quarter. Finally, Marshall Wace LLP acquired a new position in Expensify during the 2nd quarter worth $53,000. Institutional investors own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

EXFY has been the topic of several research reports. Citigroup increased their price objective on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

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.