Jane Street Group LLC Grows Stock Holdings in Expensify, Inc. (NASDAQ:EXFY)

Jane Street Group LLC increased its holdings in Expensify, Inc. (NASDAQ:EXFY - Free Report) by 215.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,069 shares of the company's stock after buying an additional 133,943 shares during the period. Jane Street Group LLC owned 0.25% of Expensify worth $657,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Ceera Investments LLC boosted its holdings in Expensify by 1.0% in the 4th quarter. Ceera Investments LLC now owns 439,330 shares of the company's stock valued at $1,472,000 after purchasing an additional 4,330 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Expensify by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 316,976 shares of the company's stock valued at $1,062,000 after purchasing an additional 8,911 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Expensify by 1,194.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company's stock valued at $36,000 after purchasing an additional 9,997 shares during the period. Mariner LLC bought a new position in Expensify in the 4th quarter valued at $34,000. Finally, SG Americas Securities LLC bought a new position in Expensify in the 4th quarter valued at $39,000. 68.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on EXFY shares. Lake Street Capital cut their price target on shares of Expensify from $5.00 to $4.50 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen raised shares of Expensify from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd.

Insider Transactions at Expensify

In related news, CEO David Michael Barrett sold 39,399 shares of Expensify stock in a transaction on Monday, April 21st. The shares were sold at an average price of $2.75, for a total value of $108,347.25. Following the transaction, the chief executive officer now owns 1,634,345 shares in the company, valued at $4,494,448.75. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel Vidal sold 9,000 shares of Expensify stock in a transaction on Friday, March 28th. The stock was sold at an average price of $3.15, for a total transaction of $28,350.00. Following the completion of the transaction, the director now owns 232,428 shares in the company, valued at approximately $732,148.20. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 233,497 shares of company stock valued at $680,378. Insiders own 12.27% of the company's stock.

Expensify Stock Down 2.0%

Shares of NASDAQ EXFY traded down $0.05 during mid-day trading on Friday, reaching $2.21. 230,014 shares of the company were exchanged, compared to its average volume of 642,500. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $4.13. The stock has a market capitalization of $177.23 million, a PE ratio of -12.25 and a beta of 1.86. The company's 50 day moving average price is $2.72 and its 200 day moving average price is $3.20.

Expensify declared that its Board of Directors has approved a share repurchase program on Thursday, February 27th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 20.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are 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.