Divo Carlos Eduardo Alvarez Sells 12,451 Shares of Expensify (NASDAQ:EXFY) 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 transaction of $10,085.31. Following the sale, the director owned 336,359 shares of the company’s stock, valued at approximately $272,450.79. The trade was a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 transaction 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 transaction 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 transaction 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 transaction of $31,035.28.

Expensify Price Performance

EXFY opened at $1.26 on Friday. The firm has a fifty day moving average price of $1.04 and a 200 day moving average price of $1.21. Expensify, Inc. has a 1 year low of $0.69 and a 1 year high of $2.64. The stock has a market cap of $106.19 million, a P/E ratio of -5.48 and a beta of 1.79.

Expensify (NASDAQ:EXFY) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $33.97 million during the quarter, compared to analysts’ expectations of $34.25 million. Expensify had a negative return on equity of 15.26% and a negative net margin of 14.68%.

Wall Street Analyst Weigh In

EXFY has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Expensify in a report on Friday, May 1st. 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 Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Expensify currently has a consensus rating of “Reduce” and an average target price of $2.50.

Institutional Trading of Expensify

Hedge funds have recently made changes to their positions in the business. Abel Hall LLC acquired a new stake in shares of Expensify during the fourth quarter worth about $25,000. SG Americas Securities LLC acquired a new stake in shares of Expensify during the fourth quarter worth about $27,000. Savant Capital LLC acquired a new stake in shares of Expensify during the third quarter worth about $30,000. Franklin Resources Inc. acquired a new stake in shares of Expensify during the third quarter worth about $34,000. Finally, Balyasny Asset Management L.P. lifted 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 purchasing an additional 17,634 shares in the last quarter. Institutional investors and hedge funds own 68.42% of the company’s stock.

Key Stories 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.

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.