Divo Carlos Eduardo Alvarez Sells 10,000 Shares of Expensify (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez sold 10,000 shares of Expensify stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $1.13, for a total transaction of $11,300.00. Following the completion of the sale, the director owned 244,780 shares of the company’s stock, valued at $276,601.40. This represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 stock was sold at an average price of $1.01, for a total transaction of $31,035.28.

Expensify Stock Up 0.9%

Shares of EXFY stock opened at $1.17 on Friday. The company has a 50 day moving average price of $0.97 and a 200-day moving average price of $1.22. Expensify, Inc. has a 52 week low of $0.69 and a 52 week high of $2.64. The firm has a market capitalization of $98.61 million, a PE ratio of -5.09 and a beta of 1.75.

Expensify (NASDAQ:EXFY) last announced its quarterly 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 return on equity of 15.26% and a negative net margin of 14.68%.The company had revenue of $33.97 million during the quarter, compared to the consensus estimate of $34.25 million.

Hedge Funds Weigh In On Expensify

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its holdings in Expensify by 7.2% during the fourth quarter. Barclays PLC now owns 134,689 shares of the company’s stock valued at $203,000 after purchasing an additional 9,080 shares in the last quarter. XTX Topco Ltd lifted its holdings in Expensify by 5.6% during the fourth quarter. XTX Topco Ltd now owns 191,397 shares of the company’s stock valued at $289,000 after purchasing an additional 10,150 shares in the last quarter. Royce & Associates LP lifted its holdings in Expensify by 52.4% during the third quarter. Royce & Associates LP now owns 30,109 shares of the company’s stock valued at $56,000 after purchasing an additional 10,358 shares in the last quarter. Prelude Capital Management LLC lifted its holdings in 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 purchasing an additional 14,800 shares in the last quarter. Finally, Abel Hall LLC purchased a new position in Expensify during the fourth quarter valued at approximately $25,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.