Expensify (NASDAQ:EXFY – Get Free Report) had its target price hoisted by equities researchers at Citigroup from $4.00 to $5.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 29.53% from the stock’s previous close.
Separately, JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th.
Check Out Our Latest Research Report on Expensify
Expensify Price Performance
Insider Activity
In other Expensify news, CEO David Michael Barrett sold 58,226 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $2.76, for a total transaction of $160,703.76. Following the sale, the chief executive officer now directly owns 2,508,867 shares of the company’s stock, valued at $6,924,472.92. This trade represents a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ryan Schaffer sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $2.50, for a total transaction of $31,250.00. Following the completion of the transaction, the chief financial officer now directly owns 159,295 shares of the company’s stock, valued at approximately $398,237.50. This represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 166,423 shares of company stock worth $475,488 over the last ninety days. 17.33% of the stock is currently owned by insiders.
Institutional Trading of Expensify
A number of hedge funds have recently bought and sold shares of EXFY. Walleye Capital LLC lifted its stake in shares of Expensify by 42.1% during the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock worth $1,183,000 after purchasing an additional 178,911 shares during the period. GSA Capital Partners LLP acquired a new position in Expensify in the third quarter valued at $183,000. Charles Schwab Investment Management Inc. lifted its position in Expensify by 25.7% during 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Expensify during the second quarter worth about $86,000. Finally, Geode Capital Management LLC boosted its stake in Expensify by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock worth $1,010,000 after buying an additional 52,385 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.
Expensify Company 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.
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