Insider Selling: Expensify (NASDAQ:EXFY) Director Sells $10,085.31 in Stock

Expensify, Inc. (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez sold 12,451 shares of Expensify stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $0.81, for a total value of $10,085.31. Following the sale, the director owned 336,359 shares in the company, valued at $272,450.79. This represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Down 1.6%

NASDAQ EXFY opened at $1.26 on Friday. Expensify, Inc. has a twelve month low of $0.69 and a twelve month high of $2.64. The firm has a market capitalization of $106.19 million, a PE ratio of -5.48 and a beta of 1.79. The stock’s 50 day moving average is $1.04 and its 200 day moving average is $1.21.

Expensify (NASDAQ:EXFY) last released its quarterly 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.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EXFY. Abel Hall LLC purchased a new position in shares of Expensify in the fourth quarter worth $25,000. SG Americas Securities LLC purchased a new position in shares of Expensify in the fourth quarter worth $27,000. Savant Capital LLC purchased a new position in shares of Expensify in the third quarter worth $30,000. Franklin Resources Inc. purchased a new position in shares of Expensify in the third quarter worth $34,000. Finally, Balyasny Asset Management L.P. raised its stake in shares of Expensify by 126.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 31,615 shares of the company’s stock worth $48,000 after purchasing an additional 17,634 shares during the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Key Headlines Impacting Expensify

Here are the key news stories impacting Expensify this week:

• Positive Sentiment: Expensify finalized its modified Dutch auction tender offer, accepting 6,053,023 shares at $1.20 each and reducing Class A shares outstanding by roughly 6.8%, a move that may help earnings and cash flow metrics on a per-share basis. Expensify, Inc. Announces Final Results of Tender Offer
• Positive Sentiment: Earlier preliminary tender offer results pointed to a similar outcome, reinforcing expectations for meaningful share count reduction and likely contributing to buying interest in EXFY. Expensify, Inc. Announces Preliminary Results of Tender Offer
• Neutral Sentiment: Multiple insider sales by the CEO, CFO, and directors were disclosed, but most were small, routine transactions tied to tax withholding or pre-arranged trading plans, making them less likely to be the main driver of the stock move today.

Analyst Upgrades and Downgrades

Several research firms have commented on EXFY. Weiss Ratings reissued 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.50.

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.