Expensify, Inc. (NASDAQ:EXFY - Get Free Report) Director Divo Carlos Eduardo Alvarez sold 30,728 shares of the company's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $1.01, for a total transaction of $31,035.28. Following the transaction, the director directly owned 254,780 shares of the company's stock, valued at approximately $257,327.80. This trade represents a 10.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Expensify Trading Down 2.9%
Shares of NASDAQ:EXFY opened at $1.02 on Friday. The company has a market cap of $90.41 million, a price-to-earnings ratio of -4.25 and a beta of 1.70. The company has a 50-day moving average price of $0.92 and a 200-day moving average price of $1.30. Expensify, Inc. has a 12 month low of $0.69 and a 12 month high of $3.06.
Expensify (NASDAQ:EXFY - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.08) earnings per share (EPS) 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 company had revenue of $35.20 million for the quarter, compared to analysts' expectations of $35.50 million.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded shares of Expensify from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. One equities research 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. According to data from MarketBeat.com, Expensify currently has an average rating of "Hold" and a consensus price target of $3.50.
View Our Latest Research Report on Expensify
Institutional Investors Weigh In On Expensify
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Expensify by 4.5% in the third quarter. Vanguard Group Inc. now owns 4,543,639 shares of the company's stock worth $8,406,000 after purchasing an additional 197,702 shares during the period. Marshall Wace LLP grew its holdings in Expensify by 5.7% in the fourth quarter. Marshall Wace LLP now owns 1,436,707 shares of the company's stock worth $2,169,000 after purchasing an additional 76,833 shares during the period. Millennium Management LLC grew its holdings in Expensify by 103.2% in the first quarter. Millennium Management LLC now owns 1,406,476 shares of the company's stock worth $4,276,000 after purchasing an additional 714,244 shares during the period. Geode Capital Management LLC grew its holdings in Expensify by 134.2% in the second quarter. Geode Capital Management LLC now owns 1,326,129 shares of the company's stock worth $3,435,000 after purchasing an additional 759,982 shares during the period. Finally, State Street Corp grew its holdings in Expensify by 6.0% in the fourth quarter. State Street Corp now owns 713,578 shares of the company's stock worth $1,078,000 after purchasing an additional 40,445 shares during the period. Hedge funds and other institutional investors own 68.42% of the company's stock.
Expensify Company Profile
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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.
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