481,051 Shares in Expensify, Inc. $EXFY Bought by Pale Fire Capital SE

Pale Fire Capital SE acquired a new stake in shares of Expensify, Inc. (NASDAQ:EXFY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 481,051 shares of the company’s stock, valued at approximately $418,000. Pale Fire Capital SE owned 0.57% of Expensify as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in Expensify by 32.0% in the 4th quarter. Hsbc Holdings PLC now owns 84,329 shares of the company’s stock worth $127,000 after acquiring an additional 20,465 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Expensify during the 4th quarter valued at about $240,000. XTX Topco Ltd boosted its position in shares of Expensify by 5.6% during the 4th quarter. XTX Topco Ltd now owns 191,397 shares of the company’s stock valued at $289,000 after acquiring an additional 10,150 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Expensify by 126.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 31,615 shares of the company’s stock worth $48,000 after purchasing an additional 17,634 shares in the last quarter. Finally, Abel Hall LLC purchased a new position in shares of Expensify during the fourth quarter worth about $25,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Expensify

In other news, Director Divo Carlos Eduardo Alvarez sold 30,728 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1.01, for a total value of $31,035.28. Following the completion of the transaction, the director directly owned 254,780 shares in the company, valued at approximately $257,327.80. This represents a 10.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO David Michael Barrett sold 30,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $1.15, for a total value of $34,500.00. Following the transaction, the chief executive officer owned 1,228,480 shares in the company, valued at $1,412,752. This trade represents a 2.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 100,728 shares of company stock valued at $109,235 over the last quarter. Company insiders own 11.65% of the company’s stock.

Expensify Stock Performance

NASDAQ EXFY opened at $1.72 on Friday. Expensify, Inc. has a 52-week low of $0.69 and a 52-week high of $2.26. The company has a fifty day moving average of $1.48 and a 200-day moving average of $1.24. The company has a market capitalization of $144.96 million, a P/E ratio of -7.48 and a beta of 1.68.

Expensify (NASDAQ:EXFY) last released its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Expensify had a negative net margin of 14.68% and a negative return on equity of 15.26%. The firm had revenue of $33.97 million during the quarter, compared to the consensus estimate of $34.25 million.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Expensify from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Expensify currently has a consensus rating of “Reduce” and an average price target of $2.50.

About Expensify

Expensify, traded on NASDAQ under the ticker EXFY, is a software-as-a-service (SaaS) company specializing in automated expense management and reporting. Its flagship platform enables employees to capture receipts via mobile app or email, automatically extract expense details through optical character recognition (OCR) and artificial intelligence, and submit streamlined expense reports. The solution is designed to eliminate manual data entry and reduce approval cycle times, serving a broad range of industries from small businesses to large enterprises.

Founded in 2008 by entrepreneur David Barrett, Expensify has grown from a simple receipt-scanning app into a comprehensive spend management suite.