Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells $113,400.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $11.34, for a total transaction of $113,400.00. Following the transaction, the president directly owned 2,014,214 shares in the company, valued at $22,841,186.76. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 stock was 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 shares were sold at an average price of $12.10, for a total value 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 shares were sold at an average price of $11.37, for a total value 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 stock was sold at an average price of $10.01, for a total value 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 Stock Performance

NASDAQ:EVCM opened at $12.13 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -1,211.79, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. The firm’s fifty day moving average price is $11.49 and its 200 day moving average price is $11.08. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently bought and sold shares of EVCM. Los Angeles Capital Management LLC boosted its holdings in shares of EverCommerce by 136.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after purchasing an additional 47,470 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares during the last quarter. American Century Companies Inc. increased its stake in EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in EverCommerce during the 2nd quarter worth approximately $159,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.