40,000 Shares in Expensify, Inc. $EXFY Purchased by Millington Financial Advisors LLC

Millington Financial Advisors LLC purchased a new stake in Expensify, Inc. (NASDAQ:EXFY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds also recently modified their holdings of the business. Kapitalo Investimentos Ltda bought a new position in shares of Expensify in the second quarter valued at approximately $30,000. ProShare Advisors LLC bought a new stake in Expensify in the 2nd quarter valued at $32,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Expensify in the 2nd quarter valued at approximately $32,000. Heron Bay Capital Management acquired a new stake in shares of Expensify during the second quarter valued at about $37,000. Finally, Virtu Financial LLC bought a new stake in shares of Expensify during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

Expensify Price Performance

NASDAQ:EXFY opened at $1.55 on Friday. The firm has a market cap of $124.90 million, a PE ratio of -9.09 and a beta of 1.69. Expensify, Inc. has a 1-year low of $1.33 and a 1-year high of $4.13. The company has a 50-day moving average of $1.65 and a 200 day moving average of $1.97.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.08). The company had revenue of $35.07 million during the quarter, compared to analyst estimates of $35.65 million. Expensify had a negative net margin of 10.83% and a negative return on equity of 11.75%.

Insider Transactions at Expensify

In other Expensify news, CEO David Michael Barrett sold 30,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $1.60, for a total value of $48,000.00. Following the completion of the sale, the chief executive officer owned 1,408,480 shares of the company’s stock, valued at approximately $2,253,568. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy L. Christen acquired 40,000 shares of Expensify stock in a transaction that occurred on Tuesday, November 11th. The shares were purchased at an average cost of $1.43 per share, for a total transaction of $57,200.00. Following the purchase, the director directly owned 289,754 shares of the company’s stock, valued at approximately $414,348.22. This trade represents a 16.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 116,724 shares of company stock valued at $212,215. 12.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EXFY has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Expensify in a research note on Wednesday. Wall Street Zen lowered shares of Expensify from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, BMO Capital Markets lowered their price target on 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 equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.00.

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.