Expensify (NASDAQ:EXFY - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Friday.
Separately, Lake Street Capital reduced their price target on Expensify from $5.00 to $4.50 and set a "buy" rating for the company in a report on Friday, May 9th.
Check Out Our Latest Stock Analysis on EXFY
Expensify Stock Performance
Shares of EXFY stock traded up $0.04 on Friday, hitting $2.59. The company had a trading volume of 1,310,225 shares, compared to its average volume of 655,636. The company has a 50-day moving average price of $2.49 and a 200-day moving average price of $3.06. Expensify has a twelve month low of $1.41 and a twelve month high of $4.13.
Insider Activity at Expensify
In other Expensify news, CEO David Michael Barrett sold 39,399 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $2.75, for a total transaction of $108,347.25. Following the completion of the transaction, the chief executive officer owned 1,634,345 shares of the company's stock, valued at $4,494,448.75. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 164,646 shares of company stock worth $439,155 over the last ninety days. 17.33% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Expensify
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Expensify by 35.0% during the fourth quarter. JPMorgan Chase & Co. now owns 215,933 shares of the company's stock valued at $723,000 after acquiring an additional 55,931 shares during the last quarter. Northern Trust Corp grew its position in shares of Expensify by 15.8% in the fourth quarter. Northern Trust Corp now owns 107,305 shares of the company's stock valued at $359,000 after purchasing an additional 14,676 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Expensify in the fourth quarter valued at approximately $68,000. American Century Companies Inc. grew its position in shares of Expensify by 67.7% in the fourth quarter. American Century Companies Inc. now owns 68,228 shares of the company's stock valued at $229,000 after purchasing an additional 27,541 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Expensify by 5.8% in the fourth quarter. Geode Capital Management LLC now owns 544,680 shares of the company's stock valued at $1,825,000 after purchasing an additional 29,732 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company's stock.
About Expensify
(
Get 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.
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