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 firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $3.59, for a total value of $65,600.07. Following the completion of the sale, the director now owns 194,983 shares in the company, valued at approximately $699,988.97. This represents a 8.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Expensify Price Performance

NASDAQ EXFY opened at $3.63 on Friday. The company has a market cap of $280.08 million, a P/E ratio of -20.17 and a beta of 1.90. The company has a 50-day moving average of $2.89 and a 200-day moving average of $2.27. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $4.13.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXFY shares. JMP Securities downgraded Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup increased their target price on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday, December 16th.

Institutional Investors Weigh In On Expensify

A number of large investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of Expensify in the second quarter worth about $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Expensify in the 2nd quarter valued at approximately $86,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of 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 during the last quarter. Wealthspire Advisors LLC grew 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 worth $99,000 after buying an additional 19,157 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Expensify by 76.9% in 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 last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

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.