Expensify, Inc. $EXFY Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its position in Expensify, Inc. (NASDAQ:EXFY) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,738 shares of the company’s stock after selling 8,238 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.38% of Expensify worth $939,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXFY. Tudor Investment Corp ET AL lifted its position in shares of Expensify by 2,760.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 289,717 shares of the company’s stock valued at $971,000 after acquiring an additional 279,588 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Expensify during the fourth quarter worth $667,000. CastleKnight Management LP grew its holdings in shares of Expensify by 32.0% during the fourth quarter. CastleKnight Management LP now owns 665,337 shares of the company’s stock worth $2,229,000 after buying an additional 161,137 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Expensify during the fourth quarter worth $476,000. Finally, Jane Street Group LLC grew its holdings in shares of Expensify by 215.6% during the fourth quarter. Jane Street Group LLC now owns 196,069 shares of the company’s stock worth $657,000 after buying an additional 133,943 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Expensify Price Performance

NASDAQ EXFY opened at $1.92 on Wednesday. The firm’s 50-day moving average is $2.11 and its two-hundred day moving average is $2.59. Expensify, Inc. has a 12 month low of $1.60 and a 12 month high of $4.13. The stock has a market capitalization of $154.66 million, a P/E ratio of -12.00 and a beta of 1.72.

Wall Street Analyst Weigh In

EXFY has been the subject of a number of research reports. Lake Street Capital dropped their target price on shares of Expensify from $5.00 to $4.50 and set a “buy” rating for the company in a report on Friday, May 9th. Wall Street Zen raised shares of Expensify from a “hold” rating to a “buy” rating in a report on Tuesday, August 19th. Finally, BMO Capital Markets dropped their target price on shares of Expensify from $3.00 to $2.50 and set a “market perform” rating for the company in a report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $4.00.

Insider Buying and Selling

In other Expensify news, CEO David Michael Barrett sold 30,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $1.94, for a total value of $58,200.00. Following the transaction, the chief executive officer owned 1,498,480 shares of the company’s stock, valued at $2,907,051.20. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 86,271 shares of company stock valued at $189,017 over the last 90 days. Corporate insiders own 17.33% of the company’s stock.

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.