Expensify, Inc. (NASDAQ:EXFY) Short Interest Update

Expensify, Inc. (NASDAQ:EXFY) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 504,300 shares, a growth of 10.2% from the November 15th total of 457,700 shares. Based on an average trading volume of 554,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.9% of the shares of the stock are short sold.

Insider Activity

In other news, CEO David Michael Barrett sold 15,454 shares of Expensify stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $2.91, for a total value of $44,971.14. Following the sale, the chief executive officer now owns 2,378,319 shares in the company, valued at $6,920,908.29. This trade represents a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Anuradha Muralidharan sold 29,410 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $3.40, for a total transaction of $99,994.00. Following the transaction, the chief operating officer now owns 3,941 shares of the company’s stock, valued at approximately $13,399.40. This trade represents a 88.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 166,423 shares of company stock worth $475,488 in the last ninety days. Company insiders own 17.33% of the company’s stock.

Hedge Funds Weigh In On Expensify

Institutional investors and hedge funds have recently bought and sold shares of the company. Marshall Wace LLP acquired a new position in Expensify in the second quarter valued at approximately $53,000. Dynamic Technology Lab Private Ltd increased its position in shares of Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after purchasing an additional 22,504 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Expensify in the 2nd quarter valued at about $86,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in 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 buying an additional 28,731 shares during the period. Finally, Wealthspire Advisors LLC increased its position in shares of 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 acquiring an additional 19,157 shares during the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Expensify Stock Down 1.8 %

NASDAQ EXFY opened at $3.80 on Tuesday. The business’s fifty day simple moving average is $2.61 and its 200-day simple moving average is $2.16. The firm has a market cap of $293.19 million, a PE ratio of -21.11 and a beta of 1.90. Expensify has a 52 week low of $1.24 and a 52 week high of $4.13.

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.