Expensify, Inc. (NASDAQ:EXFY) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Expensify, Inc. (NASDAQ:EXFY) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 514,948 shares of the company’s stock after buying an additional 52,385 shares during the period. Geode Capital Management LLC’s holdings in Expensify were worth $1,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EXFY. Marshall Wace LLP acquired a new stake in shares of Expensify during the second quarter worth $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Expensify during the second quarter worth $86,000. Dynamic Technology Lab Private Ltd lifted its stake 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 worth $88,000 after buying an additional 22,504 shares during the period. Wealthspire Advisors LLC lifted its stake in shares of Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Expensify by 76.9% during the third 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 during the period. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on EXFY. JMP Securities cut shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup raised their target price on shares of Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

Expensify Stock Performance

NASDAQ:EXFY opened at $3.25 on Friday. The stock has a market capitalization of $250.76 million, a P/E ratio of -18.05 and a beta of 1.85. The company has a 50 day moving average price of $3.23 and a 200 day moving average price of $2.41. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $4.13.

Insiders Place Their Bets

In other Expensify news, COO Anuradha Muralidharan sold 12,320 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $3.85, for a total transaction of $47,432.00. Following the transaction, the chief operating officer now directly owns 4,614 shares of the company’s stock, valued at approximately $17,763.90. This trade represents a 72.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy L. Christen sold 18,273 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $3.59, for a total transaction of $65,600.07. Following the transaction, the director now directly owns 194,983 shares in the company, valued at $699,988.97. The trade was a 8.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 223,202 shares of company stock worth $689,013 in the last ninety days. 17.33% of the stock is owned by corporate insiders.

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.