EverCommerce insiders sell 44,200 shares worth approximately $472,000

EVCMEVCM

EverCommerce CEO Eric Richard Remer sold 19,200 shares at an average price of $11.52 for $221,184, reducing his holding by 0.69% to 2,760,818 shares valued at $31.8 million. President Matthew Feierstein sold 25,000 shares at $10.02 each for approximately $250,515, trimming his direct holdings by 1.10% to 2,100,919 shares.

1. CEO Stock Sale Details

EverCommerce Inc. CEO Eric Richard Remer executed a sale of 19,200 shares on January 6, resulting in proceeds of approximately $221,184. Following this transaction, Remer’s direct holding stands at 2,760,818 shares, representing a 0.69% reduction in his position. The sale was formally disclosed in an SEC Form 4 filing, underscoring transparency in executive trading activities.

2. Cumulative Insider Selling Pattern

Over the past month, Remer has systematically reduced his stake through multiple transactions: 5,326 shares on December 31, 7,303 on December 30, 6,571 on December 29, 10,717 on December 22, and 19,200 on December 16, among other trades. These dispositions generated aggregate proceeds exceeding $1 million and mark a continuation of a measured selling cadence that has seen the CEO lighten his exposure while retaining a multi-million share position valued in excess of $31 million.

3. Analyst Ratings and Institutional Moves

EverCommerce’s consensus outlook has shifted lower, with two Buy, five Hold and three Sell ratings for an overall ‘Reduce’ recommendation and an average target of $11.00. Raymond James and Zacks Research recently moved their ratings to Hold, while Royal Bank of Canada downgraded to Sector Perform. On the institutional front, Federated Hermes more than doubled its stake in Q3, while new positions were established by the State of Alaska Department of Revenue and R Squared Ltd. As of the latest filings, 97.9% of shares remain in institutional hands.

Sources

FD