EverCommerce president Feierstein sells $254k in stock

Published 04/08/2025, 23:14
EverCommerce president Feierstein sells $254k in stock

EverCommerce Inc. (EXCHANGE:EVCM) President Matthew David Feierstein sold 25,000 shares of common stock on August 1, 2025, for a total of $254,409. The timing of the sale coincides with the stock’s recent 11% decline over the past week, though InvestingPro analysis suggests the company is currently trading below its Fair Value.

The sales were executed at prices ranging from $10.02 to $10.42. Following the transaction, Feierstein directly owns 2,245,672 shares of EverCommerce.

Additionally, Feierstein indirectly owns 150,000 shares through a family trust.

The sale was conducted under a pre-arranged Rule 10b5-1 trading plan established on September 6, 2024.

In other recent news, EverCommerce Inc. reported its first-quarter 2025 financial results, which exceeded market expectations. The company achieved an adjusted EBITDA of $44.9 million, surpassing the consensus estimate of $40.3 million, resulting in an adjusted EBITDA margin of 31.6%. EverCommerce’s pro forma revenue for the quarter reached $142.3 million, exceeding the forecast of $139.5 million and marking a 7% year-over-year increase. Additionally, the payments segment experienced an 8.4% growth compared to the previous year. In a strategic financial move, EverCommerce refinanced its $529.4 million term loan facility, extending the maturity to July 6, 2031, and lowering the interest rate by 25 basis points. The company also amended its credit agreement, facilitating the refinancing process. At its annual meeting, shareholders elected two Class I directors and approved the auditor. Furthermore, EverCommerce appointed Amy Shenkan to its Board of Directors as a Class II director, with her service beginning on May 17, 2025. Citizens JMP analysts maintained a Market Outperform rating on EverCommerce, with a price target of $15.00, following the company’s strong quarterly performance.

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