Baillie Gifford & Co. Sells 855,978 Shares of Expensify, Inc. (NASDAQ:EXFY)

Baillie Gifford & Co. lessened its position in shares of Expensify, Inc. (NASDAQ:EXFY) by 92.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,307 shares of the company’s stock after selling 855,978 shares during the period. Baillie Gifford & Co.’s holdings in Expensify were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Expensify in the 3rd quarter valued at approximately $183,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Expensify by 76.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,095 shares of the company’s stock valued at $130,000 after purchasing an additional 28,731 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Expensify by 25.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,065 shares of the company’s stock valued at $604,000 after purchasing an additional 63,052 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted 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 valued at $88,000 after purchasing an additional 22,504 shares during the last quarter. Finally, Walleye Capital LLC lifted its stake in Expensify by 42.1% in the 3rd quarter. Walleye Capital LLC now owns 603,506 shares of the company’s stock valued at $1,183,000 after purchasing an additional 178,911 shares during the last quarter. Institutional investors own 68.42% of the company’s stock.

Insider Buying and Selling at Expensify

In other news, COO Anuradha Muralidharan sold 29,410 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $3.40, for a total transaction of $99,994.00. Following the completion of the sale, the chief operating officer now directly owns 3,941 shares in the company, valued at $13,399.40. This represents a 88.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David Michael Barrett sold 13,272 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.84, for a total transaction of $50,964.48. Following the sale, the chief executive officer now owns 1,207,675 shares of the company’s stock, valued at approximately $4,637,472. This trade represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,666 shares of company stock worth $704,389. 17.33% of the stock is currently owned by company insiders.

Expensify Stock Performance

Shares of NASDAQ EXFY opened at $3.64 on Wednesday. Expensify, Inc. has a 52-week low of $1.24 and a 52-week high of $4.13. The firm has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $2.77. The stock has a market cap of $280.86 million, a P/E ratio of -20.22 and a beta of 1.87.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup increased their price objective on shares of Expensify from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Monday, December 16th. JMP Securities downgraded shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th.

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.