Jane Street Group LLC Acquires 133,943 Shares of Expensify, Inc. (NASDAQ:EXFY)

Jane Street Group LLC raised its holdings in shares of Expensify, Inc. (NASDAQ:EXFY - Free Report) by 215.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,069 shares of the company's stock after buying an additional 133,943 shares during the quarter. Jane Street Group LLC owned about 0.25% of Expensify worth $657,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mariner LLC acquired a new position in shares of Expensify during the fourth quarter worth approximately $34,000. Tower Research Capital LLC TRC lifted its holdings in shares of Expensify by 1,194.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company's stock worth $36,000 after buying an additional 9,997 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Expensify during the fourth quarter worth approximately $39,000. Alpine Global Management LLC acquired a new position in shares of Expensify during the fourth quarter worth approximately $40,000. Finally, R Squared Ltd acquired a new position in shares of Expensify during the fourth quarter worth approximately $46,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Expensify

In other Expensify news, CEO David Michael Barrett sold 30,000 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $2.35, for a total value of $70,500.00. Following the sale, the chief executive officer now directly owns 1,558,480 shares in the company, valued at $3,662,428. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel Vidal sold 9,000 shares of the company's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $3.15, for a total value of $28,350.00. Following the completion of the sale, the director now owns 232,428 shares in the company, valued at $732,148.20. This trade represents a 3.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 233,497 shares of company stock worth $680,378. 12.27% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EXFY has been the subject of a number of research analyst reports. Wall Street Zen upgraded Expensify from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd. Lake Street Capital cut their target price on Expensify from $5.00 to $4.50 and set a "buy" rating for the company in a research note on Friday, May 9th.

Expensify Price Performance

Shares of NASDAQ EXFY traded down $0.05 during trading hours on Friday, reaching $2.20. The stock had a trading volume of 567,951 shares, compared to its average volume of 644,642. The business's fifty day moving average is $2.69 and its two-hundred day moving average is $3.20. The company has a market cap of $176.83 million, a price-to-earnings ratio of -12.22 and a beta of 1.86. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $4.13.

Expensify announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 27th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 20.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

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.