Renaissance Technologies LLC Sells 163,800 Shares of Expensify, Inc. (NASDAQ:EXFY)

Renaissance Technologies LLC lowered its stake in Expensify, Inc. (NASDAQ:EXFY) by 13.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,077,000 shares of the company’s stock after selling 163,800 shares during the period. Renaissance Technologies LLC’s holdings in Expensify were worth $1,605,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Expensify by 16.6% during the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after purchasing an additional 476,687 shares in the last quarter. Palogic Value Management L.P. boosted its position in shares of Expensify by 33.3% during the 4th quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after purchasing an additional 200,000 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Expensify by 74.4% in the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after acquiring an additional 129,689 shares in the last quarter. CastleKnight Management LP increased its stake in Expensify by 79.5% in the fourth quarter. CastleKnight Management LP now owns 131,200 shares of the company’s stock valued at $324,000 after purchasing an additional 58,100 shares in the last quarter. Finally, Aristides Capital LLC bought a new position in Expensify in the fourth quarter worth approximately $134,000. Institutional investors own 68.42% of the company’s stock.

Expensify Price Performance

Expensify stock opened at $1.81 on Friday. The stock has a market cap of $156.55 million, a P/E ratio of -3.76 and a beta of 1.54. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $3.42. The firm’s 50 day moving average price is $2.14 and its 200-day moving average price is $1.82.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $33.29 million during the quarter, compared to the consensus estimate of $35.69 million. Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%.

Insider Transactions at Expensify

In other news, CFO Ryan Schaffer sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $2.00, for a total value of $150,000.00. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at $289,270. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO David Michael Barrett sold 11,095 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.28, for a total transaction of $25,296.60. Following the sale, the chief executive officer now directly owns 173,820 shares in the company, valued at $396,309.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ryan Schaffer sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $2.00, for a total value of $150,000.00. Following the completion of the transaction, the chief financial officer now directly owns 144,635 shares of the company’s stock, valued at $289,270. The disclosure for this sale can be found here. Insiders have sold 1,000,574 shares of company stock worth $2,212,393 over the last quarter. 17.33% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price target on the stock in a report on Friday, August 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.