Dynamic Technology Lab Private Ltd Boosts Position in Expensify, Inc. (NASDAQ:EXFY)

Dynamic Technology Lab Private Ltd boosted its position in shares of Expensify, Inc. (NASDAQ:EXFY) by 100.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,880 shares of the company’s stock after acquiring an additional 22,504 shares during the quarter. Dynamic Technology Lab Private Ltd owned 0.06% of Expensify worth $88,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased 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 worth $6,158,000 after buying an additional 476,687 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Expensify by 25.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock worth $604,000 after buying an additional 63,052 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Expensify in the third quarter worth about $183,000. Wealthspire Advisors LLC increased its position in Expensify by 40.7% in the second quarter. Wealthspire Advisors LLC now owns 66,212 shares of the company’s stock worth $99,000 after buying an additional 19,157 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Expensify by 76.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock worth $130,000 after buying an additional 28,731 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analysts Set New Price Targets

Separately, JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

Insider Activity at Expensify

In related news, COO Anuradha Muralidharan sold 20,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $2.24, for a total transaction of $44,800.00. Following the completion of the transaction, the chief operating officer now directly owns 38,610 shares of the company’s stock, valued at approximately $86,486.40. This represents a 34.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Michael Barrett sold 15,454 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $2.91, for a total value of $44,971.14. Following the transaction, the chief executive officer now directly owns 2,378,319 shares of the company’s stock, valued at approximately $6,920,908.29. The trade was a 0.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 173,107 shares of company stock valued at $456,986. Insiders own 17.33% of the company’s stock.

Expensify Stock Up 1.8 %

NASDAQ EXFY opened at $3.43 on Wednesday. The business has a 50-day moving average price of $2.26 and a 200-day moving average price of $2.02. Expensify, Inc. has a twelve month low of $1.24 and a twelve month high of $3.58.

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.