Expensify (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez Sells 12,451 Shares

Expensify, Inc. (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez sold 12,451 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $0.81, for a total value of $10,085.31. Following the transaction, the director directly owned 336,359 shares of the company’s stock, valued at $272,450.79. This represents a 3.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, March 24th, Divo Carlos Eduardo Alvarez sold 1,699 shares of Expensify stock. The shares were sold at an average price of $0.84, for a total value of $1,427.16.
• On Tuesday, March 17th, Divo Carlos Eduardo Alvarez sold 6,230 shares of Expensify stock. The shares were sold at an average price of $0.76, for a total value of $4,734.80.
• On Friday, May 15th, Divo Carlos Eduardo Alvarez sold 10,000 shares of Expensify stock. The shares were sold at an average price of $1.13, for a total value of $11,300.00.
• 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 value of $31,035.28.

Expensify Stock Up 2.4%

Shares of EXFY stock opened at $1.28 on Friday. The stock has a 50-day simple moving average of $1.03 and a 200 day simple moving average of $1.21. Expensify, Inc. has a fifty-two week low of $0.69 and a fifty-two week high of $2.64. The stock has a market capitalization of $107.88 million, a P/E ratio of -5.57 and a beta of 1.79.

Expensify (NASDAQ:EXFY) last announced its earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $34.25 million.

Wall Street Analysts Forecast Growth

EXFY has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expensify in a report on Friday, May 1st. Wall Street Zen raised Expensify from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Expensify presently has a consensus rating of “Reduce” and an average price target of $2.50.

Key Expensify News

Here are the key news stories impacting Expensify this week:

• Positive Sentiment: Expensify announced the final results of its modified Dutch auction tender offer, saying it accepted 6,053,023 shares at $1.20 per share. That would reduce Class A common stock outstanding by about 6.8%, a shareholder-friendly move that can improve per-share metrics and may be supporting the stock. Expensify, Inc. Announces Final Results of Tender Offer
• Positive Sentiment: The preliminary tender offer results, released earlier, already pointed to a similar outcome with expected purchases of 6,140,642 shares at $1.20 each, implying a roughly 6.9% share reduction and reinforcing the market’s view that the buyback-like transaction is accretive for remaining shareholders. Expensify, Inc. Announces Preliminary Results of Tender Offer
• Neutral Sentiment: Recent insider sales by the CEO, CFO, and several directors were disclosed, but most were small transactions tied to tax withholding from equity vesting or pre-arranged trading plans, so they are less likely to be the main driver of the stock today.

Institutional Investors Weigh In On Expensify

Hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. purchased a new stake in shares of Expensify during the third quarter valued at $93,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Expensify in the 2nd quarter worth about $85,000. HRT Financial LP purchased a new stake in Expensify in the 4th quarter worth about $68,000. Prelude Capital Management LLC lifted its stake in Expensify by 68.5% in the 3rd quarter. Prelude Capital Management LLC now owns 36,400 shares of the company’s stock worth $67,000 after acquiring an additional 14,800 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in Expensify by 126.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 31,615 shares of the company’s stock worth $48,000 after acquiring an additional 17,634 shares in the last quarter. 68.42% of the stock is 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.