Expensify director Vidal Daniel sells $17,550 in stock

Published 04/08/2025, 14:22
Expensify director Vidal Daniel sells $17,550 in stock

Director Vidal Daniel of Expensify , Inc. (NASDAQ:EXFY) sold 9,000 shares of Class A Common Stock on August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $1.95, with individual sales prices ranging from $1.93 to $2.00, resulting in a total transaction value of $17,550. The sale comes as the stock trades significantly below its 52-week high of $4.13, having declined about 48% over the past six months. According to InvestingPro analysis, the stock currently appears undervalued relative to its Fair Value.

Following the transaction, Vidal directly owns 286,817 shares of Expensify, Inc. The sale was executed under a Rule 10b5-1 trading plan adopted on December 27, 2024. With the company’s earnings report due on August 7, investors should note that analysts expect Expensify to return to profitability this year. InvestingPro subscribers can access 13 additional key insights and a comprehensive Pro Research Report, which provides deep-dive analysis of Expensify’s financial health and growth prospects.

In other recent news, Expensify Inc. reported its Q1 2025 earnings, missing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of -$0.03, which was below the expected $0.07, and its revenue was $36.1 million, slightly under the forecasted $36.36 million. Meanwhile, Expensify has been actively engaging in share repurchases, buying back over 1.2 million shares of its Class A common stock, accounting for about 1.4% of its total outstanding shares, at an average price of $2.33 per share. In corporate governance developments, Expensify’s shareholders approved all board nominees and ratified KPMG LLP as the independent auditor for the fiscal year ending December 31, 2025. The board members elected include David Barrett and Ellen Pao, among others. JMP reiterated its Market Perform rating for Expensify amid the company’s efforts to expand its international customer base. These developments highlight Expensify’s strategic moves and financial performance in recent times.

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