Expensify, Inc. (NASDAQ:EXFY) Director Timothy L. Christen Sells 18,273 Shares

Expensify, Inc. (NASDAQ:EXFY) Director Timothy L. Christen sold 18,273 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $3.59, for a total value of $65,600.07. Following the completion of the sale, the director now owns 194,983 shares in the company, valued at $699,988.97. This represents a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Expensify Trading Up 3.1 %

NASDAQ EXFY opened at $3.63 on Friday. The firm’s fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $2.27. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $4.13. The firm has a market capitalization of $280.08 million, a P/E ratio of -20.17 and a beta of 1.90.

Analyst Ratings Changes

Several analysts have recently issued reports on EXFY shares. Citigroup upped their price objective on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

Institutional Investors Weigh In On Expensify

A number of large investors have recently bought and sold shares of EXFY. Walleye Capital LLC grew its position in Expensify by 42.1% during the third quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after buying an additional 178,911 shares during the period. Marshall Wace LLP purchased a new stake in shares of Expensify during the second quarter worth approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Expensify in the second quarter worth about $86,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Expensify by 25.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after purchasing an additional 63,052 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of Expensify by 40.7% during 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 last quarter. Hedge funds and other institutional investors own 68.42% 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.