Key Points
- Major shareholder Steven J. McLaughlin bought 500,000 shares on March 11 at $0.84 ($420,000), raising his stake to about 12.2 million shares (a ~4.27% increase) after roughly $2.13M of purchases from March 3–11, a move read as an insider vote of confidence.
- Weak recent results: Expensify missed Q4 consensus (EPS -$0.08 vs. $0.05 estimate) and reported slightly below‑expected revenue, with negative net margin (~15%) and negative ROE (~16%), underscoring ongoing profitability challenges.
- Stock context: EXFY is a small‑cap (~$62M), volatile name trading under $1 (1‑year low $0.69; beta ~1.74), with an average analyst rating of "Hold" and a $3.50 average price target, while institutional investors own about 68% of shares.
Expensify, Inc. (NASDAQ:EXFY - Get Free Report) major shareholder Steven Mclaughlin bought 327,144 shares of Expensify stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $1.02 per share, with a total value of $333,686.88. Following the completion of the purchase, the insider directly owned 10,767,093 shares of the company's stock, valued at approximately $10,982,434.86. The trade was a 3.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Expensify Stock Up 2.6%
Shares of EXFY opened at $0.77 on Thursday. The company's fifty day moving average is $1.23 and its 200-day moving average is $1.51. Expensify, Inc. has a 12 month low of $0.69 and a 12 month high of $3.60. The firm has a market cap of $62.00 million, a price-to-earnings ratio of -3.19 and a beta of 1.74.
Expensify (NASDAQ:EXFY - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $35.20 million for the quarter, compared to the consensus estimate of $35.50 million. Expensify had a negative net margin of 15.05% and a negative return on equity of 16.00%.
Hedge Funds Weigh In On Expensify
Several large investors have recently made changes to their positions in EXFY. Millington Financial Advisors LLC bought a new position in Expensify in the 2nd quarter worth approximately $104,000. Globeflex Capital L P bought a new stake in shares of Expensify in the second quarter valued at approximately $845,000. Royce & Associates LP boosted its position in shares of Expensify by 52.4% in the third quarter. Royce & Associates LP now owns 30,109 shares of the company's stock valued at $56,000 after acquiring an additional 10,358 shares during the period. Savant Capital LLC acquired a new stake in shares of Expensify in the third quarter worth $30,000. Finally, CWM LLC bought a new position in Expensify during the third quarter worth $36,000. Institutional investors and hedge funds own 68.42% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on EXFY. Weiss Ratings reiterated a "sell (d-)" rating on shares of Expensify in a research note on Monday, December 29th. Wall Street Zen downgraded Expensify from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $3.50.
Check Out Our Latest Analysis on EXFY
Expensify News Roundup
Here are the key news stories impacting Expensify this week:
- Positive Sentiment: Major insider accumulation — Steven J. McLaughlin, a >10% shareholder, bought multiple tranches from March 3–11 totaling about $2.13M (~2.26 million shares), lifting his holding to ~12.2M shares. Large, repeated purchases at sub-$1 prices are being read as a vote of confidence by management/insiders. Investing.com article SEC Form 4
- Neutral Sentiment: Size & valuation context — EXFY is a small‑cap name (~$62M market cap) with elevated volatility (beta ~1.74) and sub-$1 trades recently; average acquisition price by the insider was ~ $0.94–$0.95 per share across the trades, which sets a de‑facto reference for short‑term buyers.
- Negative Sentiment: Recent fundamentals remain weak — Expensify missed Q4 consensus (EPS and revenue) and reported negative margins/ROE on Feb. 26, highlighting ongoing profitability challenges that could cap a sustained rally absent improving top‑line or margin trends.
About Expensify
(
Get Free Report)
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.
Further Reading
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