Expensify, Inc. (NASDAQ:EXFY) Shares Purchased by Ceera Investments LLC

Ceera Investments LLC boosted its holdings in Expensify, Inc. (NASDAQ:EXFY) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 439,330 shares of the company’s stock after purchasing an additional 4,330 shares during the quarter. Ceera Investments LLC’s holdings in Expensify were worth $1,472,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Expensify in the fourth quarter valued at $39,000. R Squared Ltd acquired a new position in Expensify during the fourth quarter worth about $46,000. Bailard Inc. acquired a new position in Expensify during the fourth quarter worth about $146,000. Dynamic Technology Lab Private Ltd increased its stake in Expensify by 100.6% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 44,880 shares of the company’s stock worth $88,000 after purchasing an additional 22,504 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Expensify in the 4th quarter worth about $174,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Expensify Trading Down 5.3 %

EXFY opened at $3.55 on Friday. The stock has a market cap of $282.25 million, a PE ratio of -19.72 and a beta of 1.83. Expensify, Inc. has a 1 year low of $1.24 and a 1 year high of $4.13. The stock’s 50 day simple moving average is $3.53 and its 200-day simple moving average is $2.90.

Expensify declared that its board has approved a share repurchase program on Thursday, February 27th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 20.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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. JMP Securities lowered Expensify from an “outperform” rating to a “market perform” rating in a report on Monday, November 25th. Finally, Citigroup boosted their target price on Expensify from $4.00 to $5.00 and gave the stock a “buy” rating in a report on Monday, December 16th.

Insider Buying and Selling at Expensify

In other Expensify news, COO Anuradha Muralidharan sold 12,320 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $3.85, for a total value of $47,432.00. Following the sale, the chief operating officer now directly owns 4,614 shares in the company, valued at $17,763.90. This represents a 72.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy L. Christen sold 18,273 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $3.59, for a total value of $65,600.07. Following the completion of the sale, the director now owns 194,983 shares in the company, valued at $699,988.97. This trade represents a 8.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 249,680 shares of company stock worth $881,370 over the last three months. Company insiders own 17.33% of the company’s stock.

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.