Expensify, Inc. (NASDAQ:EXFY) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP increased its position in Expensify, Inc. (NASDAQ:EXFY - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 606,800 shares of the company's stock after acquiring an additional 124,800 shares during the period. Two Sigma Advisers LP owned approximately 0.79% of Expensify worth $2,033,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Two Sigma Investments LP boosted its position in Expensify by 4.8% during the fourth quarter. Two Sigma Investments LP now owns 779,341 shares of the company's stock worth $2,611,000 after purchasing an additional 36,049 shares in the last quarter. State of Wyoming raised its stake in shares of Expensify by 13.3% during the 4th quarter. State of Wyoming now owns 52,364 shares of the company's stock worth $175,000 after buying an additional 6,138 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Expensify by 80.1% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 68,279 shares of the company's stock worth $229,000 after buying an additional 30,373 shares during the last quarter. Man Group plc boosted its position in shares of Expensify by 68.6% in the 4th quarter. Man Group plc now owns 50,316 shares of the company's stock worth $169,000 after buying an additional 20,466 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Expensify in the 4th quarter valued at about $402,000. 68.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Expensify

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

Expensify Trading Down 0.9%

Shares of NASDAQ:EXFY traded down $0.02 on Monday, hitting $2.19. The company had a trading volume of 456,326 shares, compared to its average volume of 643,877. The company has a market cap of $176.02 million, a PE ratio of -12.17 and a beta of 1.86. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13. The business has a 50 day moving average of $2.67 and a 200 day moving average of $3.20.

Expensify announced that its board has approved a stock repurchase plan on Thursday, February 27th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to reacquire up to 20.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have issued reports on EXFY. Wall Street Zen upgraded shares of Expensify from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 22nd. Lake Street Capital dropped their price objective on shares of Expensify from $5.00 to $4.50 and set a "buy" rating for the company in a research note on Friday, May 9th.

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.