R Squared Ltd Acquires New Position in Expensify, Inc. (NASDAQ:EXFY)

R Squared Ltd purchased a new stake in shares of Expensify, Inc. (NASDAQ:EXFY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 13,600 shares of the company’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Expensify during the fourth quarter valued at about $39,000. XTX Topco Ltd increased its position in shares of Expensify by 29.6% during the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock valued at $135,000 after buying an additional 15,730 shares during the period. Dynamic Technology Lab Private Ltd increased its position 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 valued at $88,000 after buying an additional 22,504 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position 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 valued at $130,000 after buying an additional 28,731 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Expensify during the second quarter valued at about $53,000. 68.42% of the stock is currently owned by institutional investors.

Expensify Trading Down 1.9 %

EXFY opened at $3.58 on Monday. The stock has a fifty day simple moving average of $3.49 and a two-hundred day simple moving average of $2.61. The company has a market cap of $276.23 million, a price-to-earnings ratio of -19.89 and a beta of 1.85. Expensify, Inc. has a 12-month low of $1.24 and a 12-month high of $4.13.

Expensify (NASDAQ:EXFY) last released its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter. Expensify had a negative return on equity of 14.72% and a negative net margin of 11.81%. The company had revenue of $35.41 million during the quarter. During the same quarter in the prior year, the company posted ($0.21) earnings per share. On average, analysts predict that Expensify, Inc. will post -0.07 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on EXFY shares. JMP Securities lowered 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 report on Monday, December 16th.

Insiders Place Their Bets

In other news, CFO Ryan Schaffer sold 12,500 shares of Expensify stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $2.50, for a total value of $31,250.00. Following the completion of the transaction, the chief financial officer now owns 159,295 shares in the company, valued at approximately $398,237.50. The trade was a 7.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Michael Barrett sold 58,226 shares of Expensify stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $2.76, for a total value of $160,703.76. Following the completion of the transaction, the chief executive officer now owns 2,508,867 shares of the company’s stock, valued at approximately $6,924,472.92. This trade represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 338,679 shares of company stock valued at $1,079,883. Insiders own 17.33% 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.