Charles Schwab Investment Management Inc. Buys 63,052 Shares of Expensify, Inc. (NASDAQ:EXFY)

Charles Schwab Investment Management Inc. lifted its stake in Expensify, Inc. (NASDAQ:EXFYFree Report) by 25.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 308,065 shares of the company’s stock after acquiring an additional 63,052 shares during the period. Charles Schwab Investment Management Inc. owned 0.40% of Expensify worth $604,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EXFY. GSA Capital Partners LLP bought a new position in shares of Expensify in the third quarter valued at approximately $183,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Expensify in the 2nd quarter valued at $86,000. Marshall Wace LLP bought a new position in Expensify in the 2nd quarter worth $53,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in Expensify by 76.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after acquiring an additional 28,731 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings 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 acquiring an additional 19,157 shares during the period. Institutional investors own 68.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EXFY shares. Citigroup lifted their price objective on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Monday. JMP Securities cut Expensify from an “outperform” rating to a “market perform” rating in a research report on Monday, November 25th.

View Our Latest Stock Report on Expensify

Insiders Place Their Bets

In other news, CEO David Michael Barrett sold 13,272 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $3.84, for a total value of $50,964.48. Following the sale, the chief executive officer now owns 1,207,675 shares in the company, valued at approximately $4,637,472. The trade was a 1.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Anuradha Muralidharan sold 12,320 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $3.85, for a total transaction of $47,432.00. Following the completion of the sale, the chief operating officer now directly owns 4,614 shares in the company, valued at approximately $17,763.90. The trade was a 72.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,929 shares of company stock worth $623,413. 17.33% of the stock is currently owned by company insiders.

Expensify Stock Down 6.5 %

EXFY stock opened at $3.61 on Thursday. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.13. The company has a market cap of $278.53 million, a PE ratio of -20.05 and a beta of 1.90. The business’s 50-day simple moving average is $2.65 and its 200 day simple moving average is $2.18.

Expensify Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Expensify (NASDAQ:EXFY)

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