Baillie Gifford & Co. Has $249,000 Stock Holdings in Expensify, Inc. (NASDAQ:EXFY)

Baillie Gifford & Co. cut its position in shares of Expensify, Inc. (NASDAQ:EXFY) by 92.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,307 shares of the company’s stock after selling 855,978 shares during the period. Baillie Gifford & Co. owned 0.10% of Expensify worth $249,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of Expensify during the 4th quarter worth about $691,000. Walleye Capital LLC grew 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 buying an additional 178,911 shares during the last quarter. Geode Capital Management LLC grew its stake in Expensify by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 514,948 shares of the company’s stock valued at $1,010,000 after buying an additional 52,385 shares during the last quarter. SG Americas Securities LLC acquired a new position in Expensify in the 4th quarter valued at about $39,000. Finally, R Squared Ltd acquired a new position in Expensify in the 4th quarter valued at about $46,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Expensify

In other Expensify news, CEO David Michael Barrett sold 36,289 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $3.32, for a total value of $120,479.48. Following the completion of the sale, the chief executive officer now owns 2,110,914 shares of the company’s stock, valued at $7,008,234.48. The trade was a 1.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Timothy L. Christen sold 18,273 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $3.59, for a total transaction of $65,600.07. Following the sale, the director now directly owns 194,983 shares of the company’s stock, valued at approximately $699,988.97. This trade represents a 8.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,666 shares of company stock valued at $704,389 in the last quarter. Company insiders own 17.33% of the company’s stock.

Expensify Stock Down 5.2 %

NASDAQ EXFY opened at $3.64 on Wednesday. The company has a market capitalization of $280.86 million, a P/E ratio of -20.22 and a beta of 1.87. Expensify, Inc. has a 12-month low of $1.24 and a 12-month 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.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JMP Securities lowered shares of Expensify from an “outperform” rating to a “market perform” rating in a research note on Monday, November 25th. Citigroup upped their price target 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.

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.