Walleye Capital LLC Has $1.18 Million Position in Expensify, Inc. (NASDAQ:EXFY)

Walleye Capital LLC grew its stake in Expensify, Inc. (NASDAQ:EXFY - Free Report) by 42.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 603,506 shares of the company's stock after acquiring an additional 178,911 shares during the quarter. Walleye Capital LLC owned 0.78% of Expensify worth $1,183,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Wealthspire Advisors LLC grew its position 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 during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Expensify by 100.6% in 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. raised its holdings 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 worth $130,000 after acquiring an additional 28,731 shares during the period. Marshall Wace LLP bought a new stake in Expensify in the 2nd quarter valued at $53,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Expensify in the 2nd quarter worth $86,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Expensify Stock Performance

Expensify stock traded up $0.19 during mid-day trading on Friday, reaching $3.68. The company's stock had a trading volume of 830,012 shares, compared to its average volume of 728,991. Expensify, Inc. has a 12 month low of $1.24 and a 12 month high of $3.70. The business's 50 day simple moving average is $2.38 and its 200 day simple moving average is $2.06. The company has a market capitalization of $283.93 million, a price-to-earnings ratio of -20.44 and a beta of 1.90.

Insider Buying and Selling

In other news, COO Anuradha Muralidharan sold 29,410 shares of Expensify stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $3.40, for a total value of $99,994.00. Following the completion of the transaction, the chief operating officer now owns 3,941 shares of the company's stock, valued at $13,399.40. This trade represents a 88.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Michael Barrett sold 11,095 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.28, for a total transaction of $25,296.60. Following the completion of the sale, the chief executive officer now directly owns 173,820 shares in the company, valued at approximately $396,309.60. The trade was a 6.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 182,517 shares of company stock worth $512,180. Corporate insiders own 17.33% of the company's stock.

Analyst Ratings Changes

Separately, JMP Securities lowered Expensify from an "outperform" rating to a "market perform" rating in a report on Monday, November 25th.

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.