Baillie Gifford & Co. Sells 10,435 Shares of Expensify, Inc. (NASDAQ:EXFY)

Baillie Gifford & Co. decreased its holdings in shares of Expensify, Inc. (NASDAQ:EXFYFree Report) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,087,013 shares of the company’s stock after selling 10,435 shares during the period. Baillie Gifford & Co. owned approximately 1.54% of Expensify worth $2,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC boosted its position in shares of Expensify by 63.9% during the 4th quarter. SVB Wealth LLC now owns 3,359,037 shares of the company’s stock valued at $8,297,000 after acquiring an additional 1,309,037 shares during the last quarter. Walleye Capital LLC increased its stake in Expensify by 396.1% in the third quarter. Walleye Capital LLC now owns 714,537 shares of the company’s stock valued at $2,322,000 after acquiring an additional 570,495 shares during the last quarter. Palogic Value Management L.P. raised its position in Expensify by 33.3% during the fourth quarter. Palogic Value Management L.P. now owns 800,000 shares of the company’s stock valued at $1,976,000 after purchasing an additional 200,000 shares in the last quarter. Federated Hermes Inc. lifted its stake in Expensify by 57,044.0% during the fourth quarter. Federated Hermes Inc. now owns 161,146 shares of the company’s stock worth $398,000 after purchasing an additional 160,864 shares during the last quarter. Finally, Ceera Investments LLC purchased a new position in shares of Expensify in the 4th quarter worth about $309,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Expensify Trading Down 3.3 %

Shares of EXFY stock opened at $1.47 on Friday. Expensify, Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $8.25. The stock has a 50 day moving average price of $1.57 and a two-hundred day moving average price of $1.77.

Expensify (NASDAQ:EXFYGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.12). The firm had revenue of $33.50 million for the quarter, compared to the consensus estimate of $35.56 million. Expensify had a negative net margin of 27.46% and a negative return on equity of 39.36%. The company’s quarterly revenue was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, analysts predict that Expensify, Inc. will post -0.11 earnings per share for the current year.

Insider Activity

In related news, CEO David Michael Barrett sold 14,453 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $1.74, for a total value of $25,148.22. Following the sale, the chief executive officer now directly owns 935,419 shares of the company’s stock, valued at $1,627,629.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO David Michael Barrett sold 14,453 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $1.74, for a total value of $25,148.22. Following the completion of the sale, the chief executive officer now owns 935,419 shares of the company’s stock, valued at $1,627,629.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Steven J. Mclaughlin purchased 248,712 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was bought at an average price of $1.43 per share, for a total transaction of $355,658.16. Following the acquisition, the insider now owns 8,778,407 shares of the company’s stock, valued at $12,553,122.01. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 935,542 shares of company stock valued at $1,406,410 and sold 576,452 shares valued at $893,855. Insiders own 17.33% of the company’s stock.

Wall Street Analysts Forecast Growth

EXFY has been the topic of a number of research reports. JMP Securities reissued a “market perform” rating on shares of Expensify in a report on Friday, June 14th. Citigroup decreased their price target on shares of Expensify from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, Morgan Stanley raised shares of Expensify from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.20.

Read Our Latest Research Report on Expensify

About Expensify

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EXFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Expensify, Inc. (NASDAQ:EXFYFree Report).

Institutional Ownership by Quarter for Expensify (NASDAQ:EXFY)

Receive News & Ratings for Expensify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expensify and related companies with MarketBeat.com's FREE daily email newsletter.