Timothy L. Christen Sells 18,273 Shares of Expensify, Inc. (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Expensify Trading Up 0.6 %

Shares of NASDAQ:EXFY traded up $0.02 during mid-day trading on Thursday, reaching $3.54. The stock had a trading volume of 62,068 shares, compared to its average volume of 722,854. The firm has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.26. The firm has a market cap of $273.13 million, a PE ratio of -19.67 and a beta of 1.90. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.13.

Hedge Funds Weigh In On Expensify

Hedge funds and other institutional investors have recently bought and sold shares of the business. Walleye Capital LLC boosted its stake in Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after purchasing an additional 178,911 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 52,385 shares during the period. RBF Capital LLC raised its position in shares of Expensify by 10.9% in the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock valued at $946,000 after buying an additional 47,389 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $604,000 after buying an additional 63,052 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Expensify during the 3rd quarter worth $183,000. Institutional investors own 68.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EXFY shares. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Citigroup increased their target price on Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th.

About Expensify

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.