EverCommerce CEO Eric Remer sells $170,806 in stock

Eric Remer, Chief Executive Officer of EverCommerce Inc. (NASDAQ:EVCM), recently sold company stock worth $170,806, according to a recent SEC filing. The transactions took place on March 5 and March 6, 2025, involving a total of 17,766 shares of common stock. The company, currently valued at $1.7 billion, shows a ’GOOD’ overall financial health score according to InvestingPro analysis.

The shares were sold at prices ranging from $9.5123 to $9.7118 per share. Following these transactions, Remer holds a significant number of shares through various trusts and direct ownership, with a post-transaction balance of 7,716,630 shares held indirectly by Buckrail Partners, LLC. With analyst targets ranging from $11 to $15 and the company’s next earnings report due on March 13, investors can access deeper insights through InvestingPro’s comprehensive research reports.

These stock sales were carried out under a pre-established Rule 10b5-1 trading plan, which was set up in June 2024. This plan allows for the orderly sale of shares at predetermined times, ensuring compliance with insider trading regulations. According to InvestingPro, the company’s management has been actively buying back shares, and analysis suggests the stock is currently undervalued based on their Fair Value calculations.

In other recent news, EverCommerce Inc. reported its financial results for the third quarter of 2024, achieving revenue of $176.3 million, a 0.9% increase compared to the same period last year. The company also saw its adjusted EBITDA margin expand by 140 basis points, reaching $44.5 million, which represents a 25.3% margin. Analysts from the earnings call noted that EverCommerce’s revenue guidance for the fourth quarter of 2024 is set between $168 million and $172 million. Additionally, the company anticipates an adjusted EBITDA between $43 million and $46 million for the same period.

In other developments, EverCommerce appointed Tanner Austin as a new Class III director following the resignation of John Marquis from the Board of Directors. This change adheres to the Stockholders Agreement with Providence Strategic Growth II L.P. EverCommerce also highlighted a significant increase in its payments revenue, which grew by 6.7% year-over-year. As part of its strategic initiatives, the company is focusing on customer acquisition and expanding its payments wallet share. These recent developments underscore EverCommerce’s ongoing efforts to navigate the competitive landscape of prepackaged software services.

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