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Expensify , Inc. (NASDAQ:EXFY) Chief Financial Officer Ryan Schaffer sold 1,883 shares of Class A Common Stock on June 17 at a price of $2.28, totaling $4,293. According to a Form 4 filing with the Securities and Exchange Commission, the prices for the shares sold ranged from $2.23 to $2.32. The stock, currently trading at $2.23, appears undervalued according to InvestingPro analysis, with analyst price targets ranging from $3 to $5.
The filing also indicates that on June 13, Schaffer acquired 8,428 shares of Class A Common Stock at $2.29 and 5,382 shares at $0, both through the Expensify, Inc. 2021 Stock Purchase and Matching Plan, for a total value of $19,300. Additionally, on June 15, Schaffer acquired 3,923 shares of Class A Common Stock upon the exercise of restricted stock units, at a price of $0. These transactions come as the stock has seen significant volatility, with a 37% decline over the past six months.
Following these transactions, Schaffer directly owns 171,998 shares of Expensify Class A Common Stock. He also owns 66,682 Restricted Stock Units and 58,838 shares of LT50 Common Stock held indirectly in the Expensify Voting Trust. For deeper insights into Expensify’s valuation, financial health, and growth prospects, access the comprehensive research report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Expensify Inc. reported its Q1 2025 earnings, revealing a miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.03, below the expected $0.07, and revenue of $36.1 million, slightly under the forecast of $36.36 million. Despite these misses, Expensify’s revenue saw an 8% year-over-year increase, and the company raised its annual free cash flow guidance to a range of $17–21 million. In addition, Expensify’s free cash flow rose significantly by 75% year-over-year, reaching $9.1 million.
The company also announced that its stockholders approved all board nominees and ratified KPMG LLP as the independent auditor for the fiscal year ending December 31, 2025. This decision demonstrated strong shareholder support for the company’s current leadership and financial oversight practices. Furthermore, Expensify continues to invest in AI-driven product innovations and anticipates a positive impact from its Formula 1 movie marketing strategy in the upcoming quarters. The company also introduced simplified pricing for its services and expanded its product support to include full Spanish language options.
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