Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells 10,000 Shares of Stock

Key Points

• Matthew David Feierstein, EverCommerce’s president, sold 10,000 shares on March 4 at an average price of $12.03 for $120,300, leaving him with about 1,989,941 shares (a 0.50% decrease in ownership).
• He has carried out a steady wave of insider sales since December, disposing of roughly 95,000 shares across multiple transactions, indicating significant insider liquidation.
• EverCommerce trades near $12.26 (52‑week range $7.66–$14.41) with a market cap of about $2.2B; analysts’ consensus is a "Reduce" rating with a $11.00 price target and institutional ownership around 97.9%.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $12.03, for a total value of $120,300.00. Following the completion of the transaction, the president directly owned 1,989,941 shares of the company's stock, valued at approximately $23,938,990.23. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Matthew David Feierstein also recently made the following trade(s):

• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.17, for a total transaction of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.34, for a total value of $113,400.00.
• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.
• On Monday, February 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total value of $120,600.00.
• On Wednesday, January 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.10, for a total transaction of $60,500.00.
• On Monday, January 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.66, for a total value of $116,600.00.
• On Friday, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total transaction of $113,700.00.
• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total value of $109,537.63.
• On Tuesday, December 9th, Matthew David Feierstein sold 9,779 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total transaction of $97,887.79.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The stock was sold at an average price of $10.04, for a total value of $43,172.00.

EverCommerce Price Performance

NASDAQ:EVCM traded up $0.13 during trading hours on Friday, hitting $12.26. The company's stock had a trading volume of 132,702 shares, compared to its average volume of 144,139. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company has a market capitalization of $2.20 billion, a PE ratio of -1,224.78, a PEG ratio of 2.51 and a beta of 1.04. The business's 50-day moving average is $11.49 and its two-hundred day moving average is $11.08.

Analyst Ratings Changes

Several research firms have commented on EVCM. Zacks Research cut EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. Raymond James Financial lowered shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 6th. Royal Bank Of Canada cut shares of EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 price target on the stock. in a report on Monday, January 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of EverCommerce in a report on Thursday, January 22nd. Finally, Barclays reduced their price objective on EverCommerce from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $11.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock worth $34,000 after acquiring an additional 1,667 shares during the period. State of Alaska Department of Revenue acquired a new stake in EverCommerce in the third quarter worth approximately $91,000. R Squared Ltd bought a new position in EverCommerce during the 3rd quarter valued at $122,000. Prudential Financial Inc. boosted its stake in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of EverCommerce during the 4th quarter valued at about $177,000. Institutional investors own 97.91% of the company's stock.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.

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