Exchange Traded Concepts LLC Makes New Investment in Expensify, Inc. (NASDAQ:EXFY)

Exchange Traded Concepts LLC bought a new stake in Expensify, Inc. (NASDAQ:EXFY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 206,307 shares of the company’s stock, valued at approximately $691,000.

A number of other institutional investors have also recently made changes to their positions in the company. Walleye Capital LLC raised its stake in Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after purchasing an additional 178,911 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Expensify by 11.3% in the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after buying an additional 52,385 shares during the last quarter. RBF Capital LLC lifted its stake in shares of Expensify by 10.9% in the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock worth $946,000 after buying an additional 47,389 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Expensify by 25.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after acquiring an additional 63,052 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Expensify by 33.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 160,002 shares of the company’s stock valued at $314,000 after acquiring an additional 40,141 shares in the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

Expensify Price Performance

NASDAQ:EXFY opened at $3.54 on Thursday. The company’s 50-day moving average is $3.48 and its two-hundred day moving average is $2.59. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13. The firm has a market capitalization of $273.15 million, a price-to-earnings ratio of -19.67 and a beta of 1.85.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter. The business had revenue of $35.41 million during the quarter. Expensify had a negative net margin of 11.81% and a negative return on equity of 14.72%. During the same quarter in the previous year, the company earned ($0.21) EPS. As a group, equities analysts anticipate that Expensify, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 29,410 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $3.40, for a total transaction of $99,994.00. Following the transaction, the chief operating officer now directly owns 3,941 shares in the company, valued at $13,399.40. This represents a 88.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Michael Barrett sold 16,715 shares of Expensify stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $3.27, for a total value of $54,658.05. Following the completion of the sale, the chief executive officer now directly owns 2,072,233 shares of the company’s stock, valued at $6,776,201.91. The trade was a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 338,679 shares of company stock worth $1,079,883. 17.33% of the stock is currently owned by company insiders.

Expensify Company Profile

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.