EverCommerce president sells shares worth $2,001

Published 05/03/2025, 02:40
EverCommerce president sells shares worth $2,001

Matthew David Feierstein, President of EverCommerce Inc. (NASDAQ:EVCM), a $1.8 billion market cap company with strong financial health indicators, recently executed a sale of 200 shares of the company’s common stock. The shares were sold at a weighted average price of $10.005, resulting in a total transaction value of $2,001. According to InvestingPro analysis, the stock appears undervalued at current levels. This sale was part of a Rule 10b5-1 trading plan established on September 6, 2024.

In addition to the sale, there were transactions involving shares withheld by the issuer to cover tax obligations tied to the vesting of restricted stock units. On March 1 and March 3, a total of 6,042 shares were withheld at prices ranging from $9.73 to $9.92, amounting to $59,124. With the company’s earnings report due on March 12 and analysts projecting profitability this year, InvestingPro subscribers can access 7 additional key insights about EVCM’s financial outlook. Following these transactions, Feierstein holds 2,176,816 shares directly and 150,000 shares indirectly through a family trust.

In other recent news, EverCommerce Inc. reported its financial results for the third quarter of 2024, highlighting a revenue increase to $176.3 million, which represents a 0.9% growth year-over-year. The company also noted an expansion in its adjusted EBITDA margin by 140 basis points, reaching $44.5 million, or a 25.3% margin. Payments revenue saw a notable rise of 6.7% compared to the previous year. EverCommerce has set its Q4 2024 revenue guidance between $168 million and $172 million, with expected adjusted EBITDA ranging from $43 million to $46 million. In governance news, the company announced the resignation of John Marquis from its Board of Directors, with Tanner Austin appointed as his replacement. Austin, designated by Providence Strategic Growth II L.P., opted out of EverCommerce’s Non-Employee Director Compensation Program. These developments reflect EverCommerce’s ongoing efforts to adapt and optimize within the competitive landscape of prepackaged software services.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.