XTX Topco Ltd Has $79,000 Holdings in Expensify, Inc. (NASDAQ:EXFY)

XTX Topco Ltd decreased its position in shares of Expensify, Inc. (NASDAQ:EXFY) by 52.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,059 shares of the company’s stock after selling 59,128 shares during the period. XTX Topco Ltd’s holdings in Expensify were worth $79,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EXFY. Vanguard Group Inc. grew its position in Expensify by 16.6% during the 1st quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after acquiring an additional 476,687 shares during the last quarter. Palogic Value Management L.P. boosted its stake in Expensify by 33.3% in the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock worth $1,976,000 after purchasing an additional 200,000 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Expensify by 74.4% during the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after purchasing an additional 129,689 shares during the last quarter. CastleKnight Management LP increased its stake in shares of Expensify by 79.5% in the fourth quarter. CastleKnight Management LP now owns 131,200 shares of the company’s stock valued at $324,000 after buying an additional 58,100 shares in the last quarter. Finally, Aristides Capital LLC bought a new position in shares of Expensify in the fourth quarter valued at about $134,000. Institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities raised shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price objective on the stock in a report on Friday, August 9th.

Expensify Stock Performance

NASDAQ EXFY opened at $1.91 on Wednesday. The stock has a market capitalization of $165.20 million, a P/E ratio of -3.98 and a beta of 1.54. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $3.42. The stock has a fifty day moving average of $2.15 and a 200-day moving average of $1.82.

Expensify (NASDAQ:EXFY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%. The firm had revenue of $33.29 million during the quarter, compared to analyst estimates of $35.69 million.

Insider Transactions at Expensify

In related news, COO Anuradha Muralidharan sold 20,000 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $2.35, for a total value of $47,000.00. Following the transaction, the chief operating officer now directly owns 40,224 shares in the company, valued at $94,526.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, COO Anuradha Muralidharan sold 20,000 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $2.35, for a total value of $47,000.00. Following the completion of the sale, the chief operating officer now owns 40,224 shares in the company, valued at $94,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ryan Schaffer sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $2.00, for a total value of $150,000.00. Following the transaction, the chief financial officer now owns 144,635 shares in the company, valued at approximately $289,270. The disclosure for this sale can be found here. Insiders sold a total of 1,017,234 shares of company stock worth $2,237,050 in the last quarter. 17.33% of the stock is owned by company 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.