Insider Selling: Expensify (NASDAQ:EXFY) Director Sells 12,451 Shares of Stock

Posted by Francis Steltz on Jun 11th, 2026

Expensify, Inc. (NASDAQ:EXFY – Get Free Report) Director Divo Carlos Eduardo Alvarez sold 12,451 shares of Expensify stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $0.81, for a total value of $10,085.31. Following the sale, the director directly owned 336,359 shares in the company, valued at approximately $272,450.79. This trade represents a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Divo Carlos Eduardo Alvarez also recently made the following trade(s):

On Tuesday, March 24th, Divo Carlos Eduardo Alvarez sold 1,699 shares of Expensify stock. The shares were sold at an average price of $0.84, for a total value of $1,427.16.
On Tuesday, March 17th, Divo Carlos Eduardo Alvarez sold 6,230 shares of Expensify stock. The shares were sold at an average price of $0.76, for a total value of $4,734.80.
On Friday, May 15th, Divo Carlos Eduardo Alvarez sold 10,000 shares of Expensify stock. The shares were sold at an average price of $1.13, for a total value of $11,300.00.
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 transaction of $31,035.28.

Expensify Price Performance

Shares of NASDAQ EXFY traded up $0.03 during mid-day trading on Thursday, reaching $1.28. 935,203 shares of the company traded hands, compared to its average volume of 768,017. 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 cap of $107.88 million, a PE ratio of -5.57 and a beta of 1.79. The stock has a fifty day simple moving average of $1.02 and a 200-day simple moving average of $1.21.

Expensify (NASDAQ:EXFY – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Expensify had a negative net margin of 14.68% and a negative return on equity of 15.26%. The company had revenue of $33.97 million for the quarter, compared to analyst estimates of $34.25 million.

Key Headlines Impacting Expensify

Here are the key news stories impacting Expensify this week:

Positive Sentiment: Expensify announced preliminary results of its tender offer, expecting to buy back about 6.14 million shares at $1.20 each, reducing Class A shares outstanding by roughly 6.9%. Expensify, Inc. Announces Preliminary Results of Tender Offer
Neutral Sentiment: Several directors and executives disclosed stock sales, but the company said the transactions were made to cover tax withholding obligations tied to vesting equity awards, which is generally considered routine rather than a direct negative signal.
Negative Sentiment: CEO David Michael Barrett, CFO Ryan Schaffer, and directors Jason Fahr Mills, Daniel Vidal, and Divo Carlos Eduardo Alvarez each reported share sales across March 17, March 24, and March 30 filings, which can create some overhang because insider selling is often viewed cautiously by investors.

Analyst Upgrades and Downgrades

EXFY has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Expensify in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Expensify from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $2.50.

Get Our Latest Stock Analysis on Expensify

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in Expensify by 6.7% in the first quarter. Renaissance Technologies LLC now owns 725,000 shares of the company’s stock worth $631,000 after buying an additional 45,400 shares during the last quarter. Pale Fire Capital SE acquired a new position in Expensify in the first quarter worth approximately $418,000. Hsbc Holdings PLC grew its position in Expensify by 32.0% in the fourth quarter. Hsbc Holdings PLC now owns 84,329 shares of the company’s stock worth $127,000 after buying an additional 20,465 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Expensify in the fourth quarter worth approximately $240,000. Finally, XTX Topco Ltd grew its position in Expensify by 5.6% in the fourth 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. Institutional investors and hedge funds 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.