Expensify, Inc. (NASDAQ:EXFY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its position in shares of Expensify, Inc. (NASDAQ:EXFY - Free Report) by 92.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,307 shares of the company's stock after selling 855,978 shares during the period. Baillie Gifford & Co. owned 0.10% of Expensify worth $249,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in Expensify in the 4th quarter valued at $691,000. Walleye Capital LLC grew its holdings in shares of Expensify by 42.1% during the third quarter. Walleye Capital LLC now owns 603,506 shares of the company's stock worth $1,183,000 after buying an additional 178,911 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Expensify in the third quarter valued at about $183,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Expensify by 25.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company's stock worth $604,000 after buying an additional 63,052 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Expensify by 11.3% during the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company's stock worth $1,010,000 after acquiring an additional 52,385 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company's stock.

Analysts Set New Price Targets

EXFY has been the subject of several research reports. JMP Securities cut shares of Expensify from an "outperform" rating to a "market perform" rating in a research note on Monday, November 25th. Citigroup upped their price target on Expensify from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Monday, December 16th.

Expensify Price Performance

Shares of EXFY traded down $0.19 during mid-day trading on Friday, reaching $3.26. The stock had a trading volume of 373,208 shares, compared to its average volume of 333,797. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13. The firm has a market cap of $251.54 million, a price-to-earnings ratio of -18.11 and a beta of 1.87. The business's fifty day moving average is $3.56 and its 200 day moving average is $2.78.

Insider Buying and Selling at Expensify

In related news, CEO David Michael Barrett sold 13,272 shares of Expensify stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.84, for a total value of $50,964.48. Following the completion of the transaction, the chief executive officer now owns 1,207,675 shares in the company, valued at approximately $4,637,472. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Anuradha Muralidharan sold 12,320 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $3.85, for a total transaction of $47,432.00. Following the sale, the chief operating officer now directly owns 4,614 shares in the company, valued at approximately $17,763.90. The trade was a 72.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 279,090 shares of company stock worth $981,364 in the last ninety days. 17.33% of the stock is owned by 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.