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 stock in a transaction on Friday, December 20th. The shares were 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 of the company’s stock, valued at approximately $699,988.97. This represents a 8.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Expensify Stock Performance

Expensify stock traded up $0.02 during midday trading on Thursday, reaching $3.54. 62,068 shares of the stock were exchanged, compared to its average volume of 722,854. The company’s fifty day moving average is $2.86 and its 200-day moving average is $2.26. The firm has a market cap of $273.13 million, a PE ratio of -19.67 and a beta of 1.90. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13.

Institutional Trading of Expensify

Large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Expensify by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after purchasing an additional 52,385 shares during the last quarter. XTX Topco Ltd grew its holdings in Expensify by 29.6% in the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after purchasing an additional 15,730 shares during the last quarter. RBF Capital LLC increased its position in shares of Expensify by 10.9% during the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock worth $946,000 after purchasing an additional 47,389 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after purchasing an additional 178,911 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock valued at $88,000 after buying an additional 22,504 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on EXFY shares. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup boosted their target price on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

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.