Everquote’s chief accounting officer Jon Ayotte sells $9,756 in stock

CAMBRIDGE, MA—Jon Ayotte, the Chief Accounting Officer of EverQuote , Inc. (NASDAQ:EVER), a $712 million market cap company with impressive 95% gross margins and strong financial health, recently executed a stock sale worth $9,756. According to a recent SEC filing, Ayotte sold 460 shares of Class A Common Stock on February 21 at a price of $21.21 per share. InvestingPro analysis indicates the stock is currently trading near its Fair Value.

This transaction was part of a pre-arranged trading plan under Rule 10b5-1, which Ayotte adopted in August 2022. The sale aimed to cover tax obligations arising from the vesting of restricted stock units. Following this transaction, Ayotte holds 65,692 shares of EverQuote’s Class A Common Stock. With a healthy current ratio of 2.33, the company maintains strong liquidity to meet its obligations. For deeper insights into insider trading patterns and comprehensive financial analysis, check out the detailed research report available on InvestingPro.

Earlier, on February 20, Ayotte also had 716 shares withheld by the company to satisfy tax withholding obligations, valued at $15,508 based on the closing price of $21.66 per share. This withholding was related to the net issuance of shares from the vesting of restricted stock units.

In other recent news, EverQuote Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.33, compared to the forecasted $0.19. The company also reported revenue of $147.5 million, exceeding the anticipated $133.77 million. EverQuote’s revenue for Q4 2024 increased by 165% year-over-year, with a record net income of $12.3 million for the quarter. For the full year, EverQuote achieved a total revenue of $500 million, marking a 74% increase over the previous year. The company ended 2024 with $102.1 million in cash and no debt, highlighting its strong financial position.

Looking ahead, EverQuote provided guidance for Q1 2025, projecting revenue between $155 million and $160 million, indicating a 73% year-over-year growth. The company plans to continue investing in AI and technology platforms to maintain its competitive edge. Analyst firms such as Canaccord Genuity and B. Riley have noted the company’s strategic focus on growth and its robust performance in the auto insurance market. EverQuote’s CEO Jamie Mendow emphasized the company’s resilience and strategic positioning, while CFO Joseph Sanborn highlighted the successful navigation through industry challenges.

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