Exchange Traded Concepts LLC Buys Shares of 206,307 Expensify, Inc. (NASDAQ:EXFY)

Exchange Traded Concepts LLC purchased a new position in shares of Expensify, Inc. (NASDAQ:EXFY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 206,307 shares of the company's stock, valued at approximately $691,000. Exchange Traded Concepts LLC owned about 0.27% of Expensify at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Walleye Capital LLC boosted its position in 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 acquiring an additional 178,911 shares during the last quarter. Geode Capital Management LLC lifted 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 buying an additional 52,385 shares in the last quarter. RBF Capital LLC lifted its position in Expensify by 10.9% during 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. lifted 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 buying an additional 63,052 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Expensify by 33.5% during the third quarter. JPMorgan Chase & Co. now owns 160,002 shares of the company's stock worth $314,000 after buying an additional 40,141 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on EXFY. JMP Securities cut shares of Expensify from an "outperform" rating to a "market perform" rating in a research report on Monday, November 25th. Citigroup raised their price objective on shares of Expensify from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Monday, December 16th.

Insider Buying and Selling at Expensify

In other Expensify news, CEO David Michael Barrett sold 58,226 shares of the business's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76. Following the sale, the chief executive officer now directly owns 2,508,867 shares in the company, valued at $6,924,472.92. This represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy L. Christen sold 18,273 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $3.59, for a total transaction of $65,600.07. Following the completion of the transaction, the director now directly owns 194,983 shares of the company's stock, valued at $699,988.97. This represents a 8.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 338,679 shares of company stock valued at $1,079,883 over the last quarter. 17.33% of the stock is owned by company insiders.

Expensify Trading Up 1.6 %

Expensify stock traded up $0.06 during mid-day trading on Thursday, hitting $3.60. The company's stock had a trading volume of 56,922 shares, compared to its average volume of 314,582. The firm has a market capitalization of $277.39 million, a PE ratio of -19.97 and a beta of 1.85. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The stock's fifty day moving average is $3.48 and its two-hundred day moving average is $2.59.

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

Expensify 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.