Bank of New York Mellon Corp Raises Stake in Expensify, Inc. (NASDAQ:EXFY)

Bank of New York Mellon Corp lifted its holdings in shares of Expensify, Inc. (NASDAQ:EXFYFree Report) by 15.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 220,490 shares of the company’s stock after acquiring an additional 29,131 shares during the period. Bank of New York Mellon Corp’s holdings in Expensify were worth $717,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EXFY. BlackRock Inc. boosted its stake in Expensify by 287.3% in the second quarter. BlackRock Inc. now owns 4,116,270 shares of the company’s stock valued at $32,848,000 after acquiring an additional 3,053,582 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Expensify by 58.8% in the third quarter. Vanguard Group Inc. now owns 3,866,629 shares of the company’s stock valued at $57,536,000 after acquiring an additional 1,431,326 shares during the period. State Street Corp grew its position in shares of Expensify by 252.3% during the second quarter. State Street Corp now owns 1,118,721 shares of the company’s stock worth $8,927,000 after acquiring an additional 801,183 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Expensify by 135.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,015,984 shares of the company’s stock valued at $8,108,000 after acquiring an additional 584,734 shares during the period. Finally, Capital Research Global Investors raised its position in Expensify by 27.3% in the 1st quarter. Capital Research Global Investors now owns 2,120,087 shares of the company’s stock valued at $37,229,000 after purchasing an additional 455,026 shares during the last quarter. Hedge funds and other institutional investors own 56.70% of the company’s stock.

Insider Activity

In other Expensify news, Director Timothy L. Christen acquired 47,050 shares of the business’s stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $2.13 per share, for a total transaction of $100,216.50. Following the completion of the transaction, the director now owns 91,834 shares of the company’s stock, valued at approximately $195,606.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Anuradha Muralidharan sold 19,503 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $2.41, for a total value of $47,002.23. Following the completion of the sale, the chief operating officer now owns 81,956 shares in the company, valued at $197,513.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy L. Christen acquired 47,050 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $2.13 per share, for a total transaction of $100,216.50. Following the acquisition, the director now owns 91,834 shares of the company’s stock, valued at approximately $195,606.42. The disclosure for this purchase can be found here. In the last three months, insiders acquired 284,582 shares of company stock valued at $518,687 and sold 414,294 shares valued at $995,208. Insiders own 20.32% of the company’s stock.

Expensify Price Performance

Shares of NASDAQ:EXFY opened at $1.75 on Friday. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $2.10 and a 200 day moving average price of $3.12. Expensify, Inc. has a 52 week low of $1.52 and a 52 week high of $10.08. The company has a market cap of $121.09 million, a P/E ratio of -3.80 and a beta of 1.32.

Analysts Set New Price Targets

EXFY has been the topic of several research reports. Morgan Stanley lowered their price objective on shares of Expensify from $5.00 to $2.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 8th. Piper Sandler raised their price target on Expensify from $2.00 to $3.00 and gave the stock a “neutral” rating in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Expensify presently has a consensus rating of “Hold” and an average price target of $6.64.

View Our Latest Stock Analysis on Expensify

Expensify Company Profile

(Free Report)

Expensify, Inc provides a cloud-based expense management software platform to individuals, small businesses, and corporations 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.

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Institutional Ownership by Quarter for Expensify (NASDAQ:EXFY)

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