Expensify (NASDAQ:EXFY) Stock Rating Lowered by JMP Securities

Expensify (NASDAQ:EXFY) was downgraded by JMP Securities from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports.

Expensify Price Performance

EXFY stock opened at $3.34 on Monday. Expensify has a 1-year low of $1.24 and a 1-year high of $3.47. The business has a 50-day moving average price of $2.16 and a 200 day moving average price of $1.96. The company has a market capitalization of $257.71 million, a P/E ratio of -18.50 and a beta of 1.51.

Insider Transactions at Expensify

In other Expensify news, CEO David Michael Barrett sold 11,095 shares of Expensify stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.28, for a total value of $25,296.60. Following the transaction, the chief executive officer now owns 173,820 shares in the company, valued at $396,309.60. The trade was a 6.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anuradha Muralidharan sold 20,000 shares of the business’s stock in a transaction dated 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 owns 38,610 shares of the company’s stock, valued at $86,486.40. This represents a 34.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,607 shares of company stock valued at $485,361. Company insiders own 17.33% of the company’s stock.

Institutional Trading of Expensify

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Expensify by 11.3% during the third quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after acquiring an additional 52,385 shares during the last quarter. XTX Topco Ltd increased its position in shares of Expensify by 29.6% during the third quarter. XTX Topco Ltd now owns 68,789 shares of the company’s stock worth $135,000 after purchasing an additional 15,730 shares in the last quarter. RBF Capital LLC increased its position in shares of Expensify by 10.9% during the third quarter. RBF Capital LLC now owns 482,754 shares of the company’s stock worth $946,000 after purchasing an additional 47,389 shares in the last quarter. Walleye Capital LLC boosted its position in shares of Expensify by 42.1% in 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Expensify by 100.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after buying an additional 22,504 shares during the last quarter. 68.42% of the stock is currently owned by institutional investors.

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.