Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Commerce.com, Inc. (NASDAQ:CMRC) disclosed Thursday that Russell Klein, the company’s chief commercial officer, will retire from his position and as an employee effective November 1, 2025. The decision was reached by mutual agreement between Mr. Klein and the company on October 6, according to a statement based on a recent SEC filing.
As part of his departure, Mr. Klein will be eligible to receive severance benefits under the terms of his employment offer letter, as amended. These benefits include an amount equal to six months’ base salary and six months of the company’s share of healthcare premiums for him and his eligible dependents, contingent on Mr. Klein signing a waiver and general release of claims in favor of the company and complying with applicable restrictive covenants.
The company stated that Michaela Weber, currently senior vice president of payments and global business development, will assume primary responsibility for Mr. Klein’s duties and responsibilities following his retirement.
Commerce.com, Inc. is incorporated in Delaware and its Series 1 Common Stock is listed on the Nasdaq Global Market under the symbol CMRC. This information is based on a statement from the company’s press release and its filing with the Securities and Exchange Commission.
In other recent news, Commerce.com, previously known as BigCommerce, reported its Q2 2025 earnings, with revenue slightly exceeding expectations at $84.4 million against the projected $83.3 million. The company met its earnings per share (EPS) forecast exactly at $0.04. This financial performance has garnered attention from investors and analysts alike. Stifel has maintained its Buy rating on Commerce.com, adjusting its price target to $8.00 following the company’s rebranding announcement. Canaccord Genuity reiterated its Buy rating with an $11.00 price target, highlighting the stock’s valuation relative to its enterprise value to revenue ratio based on 2026 estimates. Meanwhile, Needham also reaffirmed a Buy rating with a $10.00 price target, noting positive impressions from recent AI enhancements showcased at the company’s BigSummit conference. These developments indicate ongoing interest from analysts in Commerce.com’s strategic initiatives and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.