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 shares were sold at an average price of $1.13, for a total value of $11,300.00. Following the completion of the transaction, the director owned 244,780 shares in the company, valued at approximately $276,601.40. This represents a 3.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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
Expensify stock traded up $0.02 during trading hours on Thursday, reaching $1.16. 347,345 shares of the company’s stock traded hands, compared to its average volume of 727,080. Expensify, Inc. has a fifty-two week low of $0.69 and a fifty-two week high of $2.64. The firm has a market capitalization of $97.76 million, a price-to-earnings ratio of -5.04 and a beta of 1.75. The firm’s 50 day moving average is $0.95 and its 200-day moving average is $1.23.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on EXFY shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expensify in a report on Friday, May 1st. Wall Street Zen upgraded 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 Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Expensify has a consensus rating of “Reduce” and an average price target of $2.50.
Read Our Latest Analysis on EXFY
Institutional Trading of Expensify
A number of large investors have recently made changes to their positions in the company. Abel Hall LLC acquired a new position in shares of Expensify in the 4th quarter valued at approximately $25,000. Savant Capital LLC bought a new position in Expensify in the third quarter valued at approximately $30,000. SG Americas Securities LLC acquired a new position in shares of Expensify in the fourth quarter valued at approximately $27,000. Franklin Resources Inc. bought a new stake in shares of Expensify during the third quarter worth $34,000. Finally, Royce & Associates LP raised its holdings in shares of Expensify by 52.4% during the third quarter. Royce & Associates LP now owns 30,109 shares of the company’s stock worth $56,000 after acquiring an additional 10,358 shares during the period. Institutional investors own 68.42% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Expensify
- 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?
- Snowflake and the Snowballing Impact of its AI Flywheel
- AI’s Biggest Bottleneck Could Make These 2 Stocks Soar
- These 3 Beaten-Down Stocks Just Saw $25 Million in Insider Buying
Receive News & Ratings for Expensify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expensify and related companies with MarketBeat.com's FREE daily email newsletter.
