Marshall Wace LLP Buys Shares of 35,899 Expensify, Inc. (NASDAQ:EXFY)

Marshall Wace LLP bought a new stake in Expensify, Inc. (NASDAQ:EXFY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,899 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in Expensify in the 1st quarter valued at $65,000. Wealthspire Advisors LLC grew its holdings in shares of Expensify by 40.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after purchasing an additional 19,157 shares during the period. Acadian Asset Management LLC increased its position in shares of Expensify by 74.4% in the first quarter. Acadian Asset Management LLC now owns 303,892 shares of the company’s stock worth $557,000 after acquiring an additional 129,689 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Expensify by 16.6% in the first quarter. Vanguard Group Inc. now owns 3,346,715 shares of the company’s stock valued at $6,158,000 after purchasing an additional 476,687 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Expensify Stock Performance

NASDAQ:EXFY opened at $1.82 on Monday. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $3.24. The company has a market cap of $157.42 million, a price-to-earnings ratio of -3.79 and a beta of 1.52. The firm’s 50-day moving average is $2.14 and its 200-day moving average is $1.83.

Expensify (NASDAQ:EXFY) last released its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Expensify had a negative return on equity of 29.82% and a negative net margin of 22.41%. The firm had revenue of $33.29 million for the quarter, compared to the consensus estimate of $35.69 million.

Wall Street Analyst Weigh In

Separately, JMP Securities raised Expensify from a “market perform” rating to an “outperform” rating and set a $2.50 price target for the company in a report on Friday, August 9th.

Insider Transactions at Expensify

In other Expensify news, CEO David Michael Barrett sold 11,095 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.28, for a total transaction of $25,296.60. Following the completion of the sale, the chief executive officer now directly owns 173,820 shares in the company, valued at $396,309.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Expensify news, CEO David Michael Barrett sold 11,095 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.28, for a total transaction of $25,296.60. Following the sale, the chief executive officer now directly owns 173,820 shares of the company’s stock, valued at $396,309.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ryan Schaffer sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $2.27, for a total transaction of $28,375.00. Following the transaction, the chief financial officer now owns 152,531 shares of the company’s stock, valued at approximately $346,245.37. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 873,380 shares of company stock worth $1,960,617 in the last 90 days. Corporate insiders own 17.33% of the company’s stock.

About Expensify

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.