Key Points
- Expensify director Divo Carlos Eduardo Alvarez sold 10,000 shares on May 15 at an average price of $1.13, totaling $11,300. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Alvarez still held 244,780 shares, valued at about $276,601, which represented a 3.92% reduction in his position. He had also sold 30,728 shares on April 28 for about $31,035.
- Expensify recently reported mixed quarterly results, missing EPS and revenue estimates, while analysts currently rate the stock a consensus "Reduce" with a $2.50 price target.
Expensify, Inc. (NASDAQ:EXFY - Get Free Report) Director Divo Carlos Eduardo Alvarez sold 10,000 shares of the firm's stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $1.13, for a total value of $11,300.00. Following the completion of the sale, the director directly owned 244,780 shares of the company's stock, valued at approximately $276,601.40. This represents a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Divo Carlos Eduardo Alvarez also recently made the following trade(s):
- On Tuesday, April 28th, Divo Carlos Eduardo Alvarez sold 30,728 shares of Expensify stock. The stock was sold at an average price of $1.01, for a total value of $31,035.28.
Expensify Stock Performance
Shares of NASDAQ EXFY opened at $1.16 on Friday. The company has a market cap of $97.76 million, a PE ratio of -5.04 and a beta of 1.75. The business has a 50-day simple moving average of $0.96 and a two-hundred day simple moving average of $1.22. Expensify, Inc. has a fifty-two week low of $0.69 and a fifty-two week high of $2.64.
Expensify (NASDAQ:EXFY - Get Free Report) last issued 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). The business had revenue of $33.97 million during the quarter, compared to analyst estimates of $34.25 million. Expensify had a negative return on equity of 15.26% and a negative net margin of 14.68%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of EXFY. Abel Hall LLC purchased a new position in shares of Expensify in the fourth quarter worth about $25,000. SG Americas Securities LLC purchased a new position in shares of Expensify in the fourth quarter worth about $27,000. Savant Capital LLC purchased a new position in shares of Expensify in the third quarter worth about $30,000. Franklin Resources Inc. purchased a new position in shares of Expensify in the third quarter worth about $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. 68.42% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on EXFY. Wall Street Zen raised Expensify from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Weiss Ratings reiterated a "sell (e+)" rating on shares of Expensify in a research note on Friday, May 1st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $2.50.
Get Our Latest Stock Report on EXFY
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.
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