Expensify, Inc. (NASDAQ:EXFY) Short Interest Update

Expensify, Inc. (NASDAQ:EXFY) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 504,300 shares, an increase of 10.2% from the November 15th total of 457,700 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 554,000 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a report on Monday. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

Expensify Stock Performance

Shares of Expensify stock opened at $3.80 on Tuesday. The company has a 50-day simple moving average of $2.61 and a two-hundred day simple moving average of $2.16. The stock has a market capitalization of $293.19 million, a PE ratio of -21.11 and a beta of 1.90. Expensify has a 52-week low of $1.24 and a 52-week high of $4.13.

Insider Buying and Selling

In other Expensify news, COO Anuradha Muralidharan sold 29,410 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $3.40, for a total value of $99,994.00. Following the completion of the transaction, the chief operating officer now owns 3,941 shares in the company, valued at approximately $13,399.40. This represents a 88.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Michael Barrett sold 15,454 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $2.91, for a total transaction of $44,971.14. Following the sale, the chief executive officer now owns 2,378,319 shares in the company, valued at approximately $6,920,908.29. This trade represents a 0.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 166,423 shares of company stock valued at $475,488 over the last three months. Corporate insiders own 17.33% of the company’s stock.

Institutional Investors Weigh In On Expensify

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP bought a new position in Expensify in the 2nd quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Expensify in the second quarter worth $86,000. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Expensify by 100.6% during the third quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after purchasing an additional 22,504 shares in the last quarter. Wealthspire Advisors LLC boosted its position in shares of Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock valued at $99,000 after buying an additional 19,157 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Expensify by 76.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after buying an additional 28,731 shares in the last quarter. 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.