Divo Carlos Eduardo Alvarez Sells 10,000 Shares of Expensify (NASDAQ:EXFY) Stock

Expensify, Inc. (NASDAQ:EXFY) Director Divo Carlos Eduardo Alvarez sold 10,000 shares of the company’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 transaction, the director directly owned 244,780 shares of the company’s stock, valued at $276,601.40. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $1.01, for a total value of $31,035.28.

Expensify Stock Performance

NASDAQ EXFY traded up $0.02 during trading on Thursday, hitting $1.16. The stock had a trading volume of 347,345 shares, compared to its average volume of 727,080. The company has a market capitalization of $97.76 million, a PE ratio of -5.04 and a beta of 1.75. The company’s 50-day moving average price is $0.95 and its two-hundred day moving average price is $1.23. Expensify, Inc. has a 12 month low of $0.69 and a 12 month high of $2.64.

Expensify (NASDAQ:EXFY) last released its 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 firm had revenue of $33.97 million during the quarter, compared to the consensus estimate of $34.25 million. Expensify had a negative net margin of 14.68% and a negative return on equity of 15.26%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Expensify by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,543,639 shares of the company’s stock valued at $8,406,000 after purchasing an additional 197,702 shares during the period. Marshall Wace LLP lifted its stake in Expensify by 5.7% in the 4th quarter. Marshall Wace LLP now owns 1,436,707 shares of the company’s stock valued at $2,169,000 after purchasing an additional 76,833 shares during the last quarter. Millennium Management LLC lifted its stake in Expensify by 103.2% in the 1st quarter. Millennium Management LLC now owns 1,406,476 shares of the company’s stock valued at $4,276,000 after purchasing an additional 714,244 shares during the last quarter. Geode Capital Management LLC lifted its stake in Expensify by 134.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,326,129 shares of the company’s stock valued at $3,435,000 after purchasing an additional 759,982 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Expensify by 6.7% in the 1st quarter. Renaissance Technologies LLC now owns 725,000 shares of the company’s stock valued at $631,000 after purchasing an additional 45,400 shares during the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EXFY shares. Weiss Ratings restated a “sell (e+)” rating on shares of Expensify in a research note on Friday, May 1st. Wall Street Zen upgraded 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.50.

About Expensify

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.