EverCommerce CEO Sells 19,200 Shares for $221K, Reducing Stake by 0.69%
EverCommerce CEO Eric Richard Remer sold 19,200 shares on January 6 at an average price of $11.52, generating $221,184 in proceeds. Post-sale, Remer holds 2,760,818 shares—0.69% less than before—worth about $31.8 million.
1. CEO’s Major Stock Sale and Remaining Stake
On January 6th, EverCommerce CEO Eric Richard Remer sold 19,200 shares, reducing his direct stake by 0.69%. After the transaction, he holds 2,760,818 shares, representing a position valued at approximately $31.8 million. The sale was disclosed in an SEC Form 4 filing available on the regulator’s website.
2. Recent Pattern of Insider Dispositions
Over December and early January, Remer executed ten insider sales totaling 138,161 shares. Key transactions include sales of 32,706 shares on December 9th, 26,090 on December 4th, and 19,200 on December 16th. These dispositions have generated cumulative proceeds of nearly $1.5 million and reflect a consistent monthly cadence of share reductions.
3. Analyst Ratings and Consensus Targets
EverCommerce has been the subject of ten analyst reports this quarter. Two firms maintain Buy ratings, five have Hold recommendations, and three issue Sell opinions. The consensus action based on MarketBeat data is a Reduce recommendation, with the average price target set at 11.00. Notable changes include downgrades by Raymond James Financial and Zacks Research, and a revised objective from Royal Bank of Canada.
4. Institutional Positioning and Ownership
Institutional investors hold 97.91% of EverCommerce’s outstanding shares. Highlights from Q3 include Federated Hermes Inc. increasing its stake by 118.3% to 3,076 shares, State of Alaska Department of Revenue initiating a new position worth about 91,000, and R Squared Ltd adding 122,000 of notional exposure. Prudential Financial Inc. boosted its holdings by 9.6% to 13,546 shares, while Inceptionr LLC established a roughly 159,000 stake during the period.