Cubist Systematic Strategies LLC Sells 11,924 Shares of Expensify, Inc. (NASDAQ:EXFY)

Cubist Systematic Strategies LLC lessened its position in Expensify, Inc. (NASDAQ:EXFY) by 21.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,668 shares of the company’s stock after selling 11,924 shares during the period. Cubist Systematic Strategies LLC owned about 0.05% of Expensify worth $65,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Expensify by 16.6% in the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock worth $6,158,000 after buying an additional 476,687 shares in the last quarter. Acadian Asset Management LLC lifted its position in Expensify by 74.4% during the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock valued at $557,000 after purchasing an additional 129,689 shares during the period. Wealthspire Advisors LLC lifted its position in Expensify by 40.7% during the second 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. Point72 Asia Singapore Pte. Ltd. bought a new position in Expensify during the second quarter valued at approximately $86,000. Finally, Marshall Wace LLP bought a new position in Expensify during the second quarter valued at approximately $53,000. Institutional investors own 68.42% of the company’s stock.

Expensify Stock Up 2.5 %

Shares of Expensify stock opened at $1.88 on Thursday. The company has a market cap of $162.61 million, a price-to-earnings ratio of -3.92 and a beta of 1.52. The company’s 50 day moving average is $2.16 and its 200 day moving average is $1.83. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $3.08.

Expensify (NASDAQ:EXFY) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Expensify had a negative net margin of 22.41% and a negative return on equity of 29.82%. The business had revenue of $33.29 million for the quarter, compared to analysts’ expectations of $35.69 million.

Wall Street Analysts Forecast Growth

Separately, JMP Securities upgraded shares of Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price objective on the stock in a research report on Friday, August 9th.

Insider Buying and Selling at Expensify

In other Expensify news, CEO David Michael Barrett sold 13,350 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $1.89, for a total transaction of $25,231.50. Following the completion of the sale, the chief executive officer now directly owns 1,679,757 shares of the company’s stock, valued at approximately $3,174,740.73. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Expensify news, COO Anuradha Muralidharan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $2.35, for a total transaction of $47,000.00. Following the completion of the sale, the chief operating officer now directly owns 40,224 shares of the company’s stock, valued at approximately $94,526.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Michael Barrett sold 13,350 shares of the stock in a transaction on Friday, July 19th. The stock was sold at an average price of $1.89, for a total transaction of $25,231.50. Following the completion of the sale, the chief executive officer now directly owns 1,679,757 shares of the company’s stock, valued at approximately $3,174,740.73. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 860,995 shares of company stock valued at $1,934,980. Insiders own 17.33% of the company’s stock.

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.