125,000 Shares in Expensify, Inc. (NASDAQ:EXFY) Purchased by Ceera Investments LLC

Ceera Investments LLC purchased a new position in Expensify, Inc. (NASDAQ:EXFYFree Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 125,000 shares of the company’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. SVB Wealth LLC increased its stake in shares of Expensify by 63.9% in the fourth quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock worth $8,297,000 after acquiring an additional 1,309,037 shares during the period. Walleye Capital LLC grew its position in Expensify by 396.1% during the 3rd quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock worth $2,322,000 after purchasing an additional 570,495 shares during the period. Federated Hermes Inc. raised its stake in shares of Expensify by 57,044.0% during the 4th quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock valued at $398,000 after buying an additional 160,864 shares during the last quarter. Barclays PLC lifted its holdings in shares of Expensify by 433.4% in the 3rd quarter. Barclays PLC now owns 105,759 shares of the company’s stock valued at $344,000 after buying an additional 85,931 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Expensify by 287.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 108,415 shares of the company’s stock valued at $352,000 after buying an additional 80,410 shares during the period. Institutional investors and hedge funds own 68.42% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Citigroup reduced their price target on Expensify from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Piper Sandler cut their target price on shares of Expensify from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.20.

Read Our Latest Report on EXFY

Expensify Stock Down 1.1 %

Shares of Expensify stock traded down $0.02 on Wednesday, reaching $1.72. The company’s stock had a trading volume of 606,977 shares, compared to its average volume of 619,732. The company has a market capitalization of $123.43 million, a P/E ratio of -3.58 and a beta of 1.48. The stock has a 50-day moving average price of $1.73 and a 200-day moving average price of $2.00. Expensify, Inc. has a 52-week low of $1.40 and a 52-week high of $8.25.

Expensify (NASDAQ:EXFYGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.12). The company had revenue of $33.50 million during the quarter, compared to analysts’ expectations of $35.56 million. Expensify had a negative return on equity of 39.36% and a negative net margin of 27.46%. Expensify’s revenue was down 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) EPS. Sell-side analysts forecast that Expensify, Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Expensify news, CEO David Michael Barrett sold 14,530 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $1.73, for a total transaction of $25,136.90. Following the completion of the sale, the chief executive officer now directly owns 906,249 shares in the company, valued at approximately $1,567,810.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Expensify news, CEO David Michael Barrett sold 14,530 shares of Expensify stock in a transaction on Friday, May 10th. The shares were sold at an average price of $1.73, for a total transaction of $25,136.90. Following the sale, the chief executive officer now owns 906,249 shares of the company’s stock, valued at approximately $1,567,810.77. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Anuradha Muralidharan sold 16,584 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $2.14, for a total transaction of $35,489.76. Following the sale, the chief operating officer now directly owns 77,080 shares of the company’s stock, valued at approximately $164,951.20. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,014,740 shares of company stock worth $1,549,045 and sold 725,107 shares worth $1,295,223. Insiders own 20.32% of the company’s stock.

About Expensify

(Free Report)

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.

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Institutional Ownership by Quarter for Expensify (NASDAQ:EXFY)

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