Expensify (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez Sells 30,728 Shares of Stock

Expensify, Inc. (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez sold 30,728 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1.01, for a total transaction of $31,035.28. Following the sale, the director owned 254,780 shares of the company’s stock, valued at approximately $257,327.80. The trade was a 10.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Expensify Trading Down 2.9%

Expensify stock opened at $1.02 on Friday. Expensify, Inc. has a 1-year low of $0.69 and a 1-year high of $3.06. The firm has a market capitalization of $90.41 million, a price-to-earnings ratio of -4.25 and a beta of 1.70. The firm has a 50 day simple moving average of $0.92 and a 200 day simple moving average of $1.30.

Expensify (NASDAQ:EXFY) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.13). Expensify had a negative net margin of 15.05% and a negative return on equity of 16.00%. The business had revenue of $35.20 million during the quarter, compared to analysts’ expectations of $35.50 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of 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 Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.50.

Hedge Funds Weigh In On Expensify

Large investors have recently added to or reduced their stakes in the business. Abel Hall LLC purchased a new position in Expensify in the 4th quarter worth $25,000. HRT Financial LP bought a new position in shares of Expensify during the fourth quarter valued at about $68,000. Prentiss Smith & Co. Inc. bought a new position in shares of Expensify during the fourth quarter valued at about $49,000. Coldstream Capital Management Inc. bought a new position in shares of Expensify during the third quarter valued at about $93,000. Finally, Prelude Capital Management LLC raised its stake in shares of Expensify by 68.5% during the third quarter. Prelude Capital Management LLC now owns 36,400 shares of the company’s stock valued at $67,000 after acquiring an additional 14,800 shares during the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

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.