Expensify, Inc. $EXFY Shares Bought by Topline Capital Management LLC

Topline Capital Management LLC boosted its stake in shares of Expensify, Inc. (NASDAQ:EXFY) by 2.2% in the first quarter, HoldingsChannel.com reports. The fund owned 941,609 shares of the company’s stock after purchasing an additional 20,662 shares during the period. Expensify makes up about 0.6% of Topline Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Topline Capital Management LLC’s holdings in Expensify were worth $2,862,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. R Squared Ltd raised its position in Expensify by 38.2% during the first quarter. R Squared Ltd now owns 18,790 shares of the company’s stock worth $57,000 after acquiring an additional 5,190 shares during the period. OMERS ADMINISTRATION Corp raised its position in Expensify by 4.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 125,800 shares of the company’s stock worth $382,000 after acquiring an additional 5,700 shares during the period. State of Wyoming raised its position in Expensify by 13.3% during the fourth quarter. State of Wyoming now owns 52,364 shares of the company’s stock worth $175,000 after acquiring an additional 6,138 shares during the period. Tower Research Capital LLC TRC raised its position in Expensify by 1,194.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,834 shares of the company’s stock worth $36,000 after acquiring an additional 9,997 shares during the period. Finally, Mariner LLC acquired a new position in Expensify during the fourth quarter worth $34,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Expensify Trading Up 3.2%

Shares of EXFY opened at $1.92 on Thursday. Expensify, Inc. has a 12-month low of $1.60 and a 12-month high of $4.13. The firm has a 50-day moving average price of $2.15 and a 200 day moving average price of $2.65. The firm has a market capitalization of $154.66 million, a P/E ratio of -12.00 and a beta of 1.72.

Insider Activity

In related news, CEO David Michael Barrett sold 30,000 shares of the company’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 completion of the sale, the chief executive officer owned 1,498,480 shares of the company’s stock, valued at approximately $2,907,051.20. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have sold a total of 88,807 shares of company stock valued at $194,647 over the last ninety days. Corporate insiders own 12.27% of the company’s stock.

Wall Street Analyst Weigh In

EXFY has been the subject of a number of recent research reports. Lake Street Capital reduced 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. BMO Capital Markets reduced 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. Finally, Wall Street Zen upgraded shares of Expensify from a “hold” rating to a “buy” rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.