Jane Street Group LLC Has $122,000 Position in Expensify, Inc. (NASDAQ:EXFY)

Jane Street Group LLC trimmed its position in Expensify, Inc. (NASDAQ:EXFY) by 64.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,126 shares of the company’s stock after selling 111,663 shares during the quarter. Jane Street Group LLC owned 0.08% of Expensify worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RBF Capital LLC boosted 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 acquiring an additional 47,389 shares during the period. Walleye Capital LLC boosted its holdings 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. Dynamic Technology Lab Private Ltd grew 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Expensify by 25.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after purchasing an additional 63,052 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after buying an additional 28,731 shares in the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

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 raised their price target on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research report on Monday, December 16th.

Expensify Price Performance

Shares of NASDAQ:EXFY opened at $3.18 on Wednesday. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The stock has a market capitalization of $245.36 million, a price-to-earnings ratio of -17.67 and a beta of 1.85. The company’s 50 day simple moving average is $3.28 and its 200 day simple moving average is $2.45.

Insider Buying and Selling at Expensify

In related news, CEO David Michael Barrett sold 58,226 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $2.76, for a total transaction of $160,703.76. Following the completion of the sale, the chief executive officer now directly owns 2,508,867 shares in the company, valued at $6,924,472.92. This represents a 2.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at approximately $13,399.40. This represents a 88.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 223,202 shares of company stock valued at $689,013. 17.33% of the stock is currently owned by corporate insiders.

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.