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

Expensify, Inc. (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez sold 30,728 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Expensify Price Performance

EXFY stock opened at $1.12 on Friday. Expensify, Inc. has a 1-year low of $0.69 and a 1-year high of $3.06. The firm has a fifty day moving average price of $0.92 and a two-hundred day moving average price of $1.30. The firm has a market cap of $99.28 million, a price-to-earnings ratio of -4.67 and a beta of 1.75.

Expensify (NASDAQ:EXFY) last released its earnings results on Thursday, February 26th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $35.50 million.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Expensify from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.50.

Hedge Funds Weigh In On Expensify

Several institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC grew its position in shares of Expensify by 32.0% during the fourth quarter. Hsbc Holdings PLC now owns 84,329 shares of the company’s stock worth $127,000 after acquiring an additional 20,465 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Expensify during the fourth quarter worth about $240,000. XTX Topco Ltd grew its position in shares of Expensify by 5.6% during the fourth quarter. XTX Topco Ltd now owns 191,397 shares of the company’s stock worth $289,000 after acquiring an additional 10,150 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of Expensify by 126.1% during the fourth 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 during the last quarter. Finally, Abel Hall LLC bought a new position in shares of Expensify during the fourth quarter worth about $25,000. Institutional investors own 68.42% of the company’s stock.

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.