23 hours Ago By Defense World Staff
Geode Capital Management LLC increased its holdings in Expensify, Inc. ( NASDAQ:EXFY – Free Report ) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 544,680 shares of the company’s stock after acquiring an additional 29,732 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Expensify worth $1,825,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its stake in Expensify by 33.6% in the fourth quarter.
Arrowstreet Capital Limited Partnership now owns 757,001 shares of the company’s stock valued at $2,536,000 after purchasing an additional 190,345 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Expensify by 35.
0% during the fourth quarter. JPMorgan Chase & Co. now owns 215,933 shares of the company’s stock worth $723,000 after buying an additional 55,931 shares during the last quarter.
WINTON GROUP Ltd acquired a new position in Expensify in the 4th quarter valued at about $195,000. Hillsdale Investment Management Inc. acquired a new position in Expensify in the 4th quarter valued at about $293,000.
Finally, American Century Companies Inc. raised its stake in Expensify by 67.7% during the 4th quarter.
American Century Companies Inc. now owns 68,228 shares of the company’s stock valued at $229,000 after acquiring an additional 27,541 shares during the last quarter. Hedge funds and other institutional investors own 68.
42% of the company’s stock. Wall Street Analyst Weigh In Separately, Lake Street Capital lifted their target price on Expensify from $3.00 to $5.
00 and gave the company a “buy” rating in a research note on Friday, February 28th. Insider Buying and Selling at Expensify In other Expensify news, CEO David Michael Barrett sold 31,781 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $3.
43, for a total value of $109,008.83. Following the completion of the transaction, the chief executive officer now owns 1,947,372 shares in the company, valued at approximately $6,679,485.
96. This represents a 1.61 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link . Also, Director Daniel Vidal sold 9,000 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $3.
15, for a total value of $28,350.00. Following the completion of the sale, the director now directly owns 232,428 shares of the company’s stock, valued at approximately $732,148.
20. This trade represents a 3.73 % decrease in their position.
The disclosure for this sale can be found here . In the last 90 days, insiders have sold 280,921 shares of company stock valued at $886,854. 17.
33% of the stock is owned by corporate insiders. Expensify Stock Up 1.7 % Shares of Expensify stock opened at $2.
98 on Wednesday. The firm has a market cap of $236.93 million, a price-to-earnings ratio of -16.
55 and a beta of 1.87. Expensify, Inc.
has a 52-week low of $1.24 and a 52-week high of $4.13.
The company’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.12.
Expensify announced that its Board of Directors has approved a stock buyback plan on Thursday, February 27th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 20.
1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued. Expensify Company Profile ( 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. Further Reading Five stocks we like better than Expensify Overbought Stocks Explained: Should You Trade Them? Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet What Does a Gap Up Mean in Stocks? How to Play the Gap Coca-Cola Company Stock Can Bubble to New Highs This Year Are Penny Stocks a Good Fit for Your Portfolio? 3 Stocks Lifting 2025 Guidance Despite Market Jitters 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 .
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