Cubist Systematic Strategies LLC Sells 11,924 Shares of Expensify, Inc. (NASDAQ:EXFY)

Cubist Systematic Strategies LLC decreased its stake in shares of Expensify, Inc. (NASDAQ:EXFY) by 21.4% in the second quarter, Holdings Channel.com reports. The fund owned 43,668 shares of the company’s stock after selling 11,924 shares during the period. Cubist Systematic Strategies LLC’s holdings in Expensify were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXFY. Marshall Wace LLP bought a new position in shares of Expensify during the second quarter worth $53,000. Quadrature Capital Ltd bought a new position in shares of Expensify during the first quarter worth $65,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Expensify during the second quarter worth $86,000. Wealthspire Advisors LLC boosted its position in shares of Expensify by 40.7% during the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after acquiring an additional 19,157 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Expensify by 74.4% during 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 during the last quarter. Institutional investors own 68.42% of the company’s stock.

Expensify Stock Up 2.5 %

EXFY stock opened at $1.88 on Thursday. Expensify, Inc. has a 52 week low of $1.24 and a 52 week high of $3.08. The company has a fifty day simple moving average of $2.16 and a two-hundred day simple moving average of $1.83. The firm has a market capitalization of $162.61 million, a P/E ratio of -3.92 and a beta of 1.52.

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO David Michael Barrett sold 11,095 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.28, for a total value of $25,296.60. Following the completion of the sale, the chief executive officer now owns 173,820 shares in the company, valued at approximately $396,309.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, COO Anuradha Muralidharan sold 20,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $2.24, for a total value of $44,800.00. Following the completion of the sale, the chief operating officer now owns 38,610 shares in the company, valued at approximately $86,486.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Michael Barrett sold 11,095 shares of the business’s stock in a transaction dated 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 owns 173,820 shares of the company’s stock, valued at approximately $396,309.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 860,995 shares of company stock valued at $1,934,980 in the last 90 days. Company 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.