Expensify, Inc. (NASDAQ:EXFY - Get Free Report) Director Timothy L. Christen sold 18,273 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $3.59, for a total transaction of $65,600.07. Following the transaction, the director now owns 194,983 shares in the company, valued at approximately $699,988.97. The trade was a 8.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Expensify Stock Performance
Shares of NASDAQ EXFY traded up $0.11 during trading hours on Thursday, hitting $3.63. 269,269 shares of the stock were exchanged, compared to its average volume of 723,708. The company's fifty day simple moving average is $2.89 and its two-hundred day simple moving average is $2.27. The company has a market cap of $280.08 million, a PE ratio of -20.17 and a beta of 1.90. Expensify, Inc. has a 1-year low of $1.24 and a 1-year high of $4.13.
Institutional Investors Weigh In On Expensify
A number of large investors have recently modified their holdings of the business. Wealthspire Advisors LLC boosted its stake in shares of Expensify by 40.7% in the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company's stock valued at $99,000 after purchasing an additional 19,157 shares in the last quarter. Marshall Wace LLP acquired a new stake in Expensify in the second quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Expensify during the second quarter worth $86,000. GSA Capital Partners LLP acquired a new position in shares of Expensify during the third quarter worth $183,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Expensify by 76.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company's stock valued at $130,000 after acquiring an additional 28,731 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. JMP Securities downgraded Expensify from an "outperform" rating to a "market perform" rating in a research report on Monday, November 25th. Citigroup upped their target price on Expensify from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Monday, December 16th.
Read Our Latest Report on EXFY
About Expensify
(
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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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