Virtu Financial LLC Purchases Shares of 13,413 Expensify, Inc. $EXFY

Virtu Financial LLC purchased a new stake in Expensify, Inc. (NASDAQ:EXFY) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,413 shares of the company’s stock, valued at approximately $41,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd increased its stake in Expensify by 38.2% in the first quarter. R Squared Ltd now owns 18,790 shares of the company’s stock valued at $57,000 after purchasing an additional 5,190 shares in the last quarter. State of Wyoming increased its stake in Expensify by 13.3% in the fourth quarter. State of Wyoming now owns 52,364 shares of the company’s stock valued at $175,000 after purchasing an additional 6,138 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Expensify by 1,194.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock valued at $36,000 after purchasing an additional 9,997 shares in the last quarter. Mariner LLC bought a new stake in Expensify in the fourth quarter valued at $34,000. Finally, Alpine Global Management LLC bought a new stake in Expensify in the fourth quarter valued at $40,000. 68.42% of the stock is owned by institutional investors.

Expensify Stock Performance

Expensify stock opened at $1.81 on Tuesday. Expensify, Inc. has a fifty-two week low of $1.60 and a fifty-two week high of $4.13. The stock has a market cap of $145.80 million, a PE ratio of -11.31 and a beta of 1.72. The firm’s 50-day simple moving average is $2.21 and its 200 day simple moving average is $2.73.

Analyst Upgrades and Downgrades

EXFY has been the subject of several recent research reports. Lake Street Capital decreased their target price on shares of Expensify from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Friday, May 9th. Wall Street Zen raised shares of Expensify from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets decreased their target price on shares of Expensify from $3.00 to $2.50 and set a “market perform” rating for the company in a research report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Expensify has an average rating of “Moderate Buy” and a consensus price target of $4.00.

Insiders Place Their Bets

In other Expensify news, CEO David Michael Barrett sold 30,000 shares of the business’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 directly owned 1,498,480 shares in the company, valued at $2,907,051.20. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 83,609 shares of company stock worth $185,706 in the last 90 days. 17.33% of the stock is currently owned by insiders.

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.