Expensify (NASDAQ:EXFY) Director Sells $11,300.00 in Stock

Expensify, Inc. (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $1.13, for a total transaction of $11,300.00. Following the completion of the sale, the director directly owned 244,780 shares in the company, valued at approximately $276,601.40. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Divo Carlos Eduardo Alvarez also recently made the following trade(s):

• On Tuesday, April 28th, Divo Carlos Eduardo Alvarez sold 30,728 shares of Expensify stock. The shares were sold at an average price of $1.01, for a total transaction of $31,035.28.

Expensify Trading Up 0.9%

Shares of NASDAQ EXFY opened at $1.17 on Friday. The stock has a market cap of $98.61 million, a price-to-earnings ratio of -5.09 and a beta of 1.75. Expensify, Inc. has a 52 week low of $0.69 and a 52 week high of $2.64. The company’s 50-day moving average price is $0.97 and its 200 day moving average price is $1.22.

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

Analyst Ratings Changes

EXFY has been the topic of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Expensify in a research note on Friday, May 1st. Wall Street Zen raised shares of Expensify from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Expensify has an average rating of “Reduce” and an average target price of $2.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXFY. Geode Capital Management LLC lifted its holdings in shares of Expensify by 134.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,326,129 shares of the company’s stock worth $3,435,000 after acquiring an additional 759,982 shares during the period. Millennium Management LLC lifted its holdings in shares of Expensify by 103.2% during the 1st quarter. Millennium Management LLC now owns 1,406,476 shares of the company’s stock worth $4,276,000 after acquiring an additional 714,244 shares during the period. Pale Fire Capital SE purchased a new position in shares of Expensify during the 1st quarter worth about $418,000. Vanguard Group Inc. lifted its holdings in shares of Expensify by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,543,639 shares of the company’s stock worth $8,406,000 after acquiring an additional 197,702 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in shares of Expensify during the 4th quarter worth about $240,000. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

Expensify Company Profile

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.