Hsbc Holdings PLC Has $170,000 Stake in Expensify, Inc. $EXFY

Hsbc Holdings PLC decreased its holdings in Expensify, Inc. (NASDAQ:EXFY) by 12.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,492 shares of the company’s stock after selling 7,825 shares during the period. Hsbc Holdings PLC owned about 0.07% of Expensify worth $170,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in Expensify by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 2,218,204 shares of the company’s stock worth $7,431,000 after buying an additional 20,224 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Expensify by 53.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 926,669 shares of the company’s stock worth $2,817,000 after buying an additional 322,581 shares during the last quarter. Two Sigma Investments LP increased its holdings in Expensify by 4.8% in the fourth quarter. Two Sigma Investments LP now owns 779,341 shares of the company’s stock worth $2,611,000 after buying an additional 36,049 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Expensify by 25.9% in the fourth quarter. Two Sigma Advisers LP now owns 606,800 shares of the company’s stock worth $2,033,000 after buying an additional 124,800 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in Expensify by 47.3% in the first quarter. Exchange Traded Concepts LLC now owns 303,837 shares of the company’s stock worth $924,000 after buying an additional 97,530 shares during the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Insider Activity at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 25,245 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $1.94, for a total transaction of $48,975.30. Following the transaction, the chief operating officer owned 61,041 shares in the company, valued at $118,419.54. This trade represents a 29.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Michael Barrett sold 30,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $1.92, for a total value of $57,600.00. Following the transaction, the chief executive officer owned 1,468,480 shares in the company, valued at approximately $2,819,481.60. This trade represents a 2.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 141,516 shares of company stock worth $295,592. Corporate insiders own 12.27% of the company’s stock.

Expensify Stock Up 0.5%

Shares of EXFY stock opened at $1.92 on Friday. Expensify, Inc. has a 12 month low of $1.60 and a 12 month high of $4.13. The business’s 50 day moving average is $2.08 and its two-hundred day moving average is $2.56. The company has a market cap of $154.66 million, a PE ratio of -12.00 and a beta of 1.72.

Analysts Set New Price Targets

A number of equities analysts recently commented on EXFY shares. BMO Capital Markets dropped their price objective on Expensify from $3.00 to $2.50 and set a “market perform” rating on the stock in a report on Friday, August 8th. Lake Street Capital dropped their price objective on Expensify from $5.00 to $4.50 and set a “buy” rating on the stock in a report on Friday, May 9th. Finally, Wall Street Zen upgraded Expensify from a “hold” rating to a “buy” rating in a report on Tuesday, August 19th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Expensify presently has an average rating of “Moderate Buy” and an average price target of $4.00.

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.