AQR Capital Management LLC Sells 30,815 Shares of Expensify, Inc. (NASDAQ:EXFY)

AQR Capital Management LLC reduced its stake in Expensify, Inc. (NASDAQ:EXFY) by 2.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,045,351 shares of the company’s stock after selling 30,815 shares during the period. AQR Capital Management LLC owned 1.21% of Expensify worth $1,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXFY. Marshall Wace LLP bought a new position in shares of Expensify in the 2nd quarter worth $53,000. Quadrature Capital Ltd acquired a new stake in Expensify during the 1st quarter worth $65,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Expensify during the 2nd quarter worth $86,000. Wealthspire Advisors LLC raised its stake in Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Expensify by 74.4% during the 1st quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after buying an additional 129,689 shares during the period. 68.42% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Ryan Schaffer sold 12,500 shares of Expensify stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $2.27, for a total value of $28,375.00. Following the completion of the sale, the chief financial officer now directly owns 152,531 shares in the company, valued at approximately $346,245.37. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Expensify news, CFO Ryan Schaffer sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $2.27, for a total transaction of $28,375.00. Following the completion of the transaction, the chief financial officer now directly owns 152,531 shares in the company, valued at $346,245.37. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Michael Barrett sold 645,938 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $2.34, for a total transaction of $1,511,494.92. Following the transaction, the chief executive officer now owns 2,567,093 shares of the company’s stock, valued at approximately $6,006,997.62. This 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 884,850 shares of company stock worth $1,986,424. Corporate insiders own 17.33% of the company’s stock.

Analyst Ratings Changes

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

Expensify Stock Performance

Expensify stock opened at $1.81 on Friday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $3.42. The stock has a market capitalization of $156.55 million, a P/E ratio of -3.77 and a beta of 1.52. The stock has a 50-day simple moving average of $2.14 and a 200 day simple moving average of $1.82.

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

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.