Key Points
- Expensify CEO David Barrett sold 30,000 shares on May 1 at an average price of $1.08, worth about $32,400. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Barrett still directly owns about 1.26 million shares.
- EXFY stock fell 5% and was trading around $0.97, near the lower end of its 52-week range of $0.69 to $2.64. The company has a market cap of about $86 million and remains deeply unprofitable, with a negative P/E ratio.
- Recent earnings missed expectations, with Expensify reporting a loss of $0.02 per share versus estimates for a profit, and revenue slightly below consensus. Analyst sentiment remains cautious, with a consensus rating of “Reduce” and a target price of $2.50.
Expensify, Inc. (NASDAQ:EXFY - Get Free Report) CEO David Michael Barrett sold 30,000 shares of the firm's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $1.08, for a total value of $32,400.00. Following the completion of the sale, the chief executive officer directly owned 1,258,480 shares in the company, valued at approximately $1,359,158.40. The trade was a 2.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Expensify Stock Down 5.0%
NASDAQ:EXFY opened at $0.97 on Tuesday. The business's 50-day moving average price is $0.90 and its two-hundred day moving average price is $1.27. Expensify, Inc. has a twelve month low of $0.69 and a twelve month high of $2.64. The stock has a market cap of $86.34 million, a P/E ratio of -4.23 and a beta of 1.75.
Expensify (NASDAQ:EXFY - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $33.97 million during the quarter, compared to the consensus estimate 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
Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Expensify from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Weiss Ratings restated a "sell (e+)" rating on shares of Expensify in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Expensify currently has an average rating of "Reduce" and a consensus target price of $2.50.
Read Our Latest Stock Analysis on Expensify
Institutional Trading of Expensify
A number of hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in Expensify by 7.2% in the 4th quarter. Barclays PLC now owns 134,689 shares of the company's stock worth $203,000 after buying an additional 9,080 shares during the last quarter. XTX Topco Ltd lifted its position in Expensify by 5.6% in the 4th quarter. XTX Topco Ltd now owns 191,397 shares of the company's stock worth $289,000 after buying an additional 10,150 shares during the last quarter. Royce & Associates LP lifted its position in Expensify by 52.4% in the 3rd quarter. Royce & Associates LP now owns 30,109 shares of the company's stock worth $56,000 after buying an additional 10,358 shares during the last quarter. Prelude Capital Management LLC lifted its position in Expensify by 68.5% in the 3rd quarter. Prelude Capital Management LLC now owns 36,400 shares of the company's stock worth $67,000 after buying an additional 14,800 shares during the last quarter. Finally, Abel Hall LLC bought a new stake in Expensify in the 4th quarter worth approximately $25,000. Institutional investors own 68.42% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
