Following these transactions, Feierstein holds 2,239,169 shares directly. Additionally, he maintains indirect ownership of 150,000 shares through a family trust. The sales were conducted under a pre-established Rule 10b5-1 trading plan dated September 6, 2024. With a market capitalization of $2.16 billion and a "GOOD" financial health score according to InvestingPro, which offers 12 additional investment tips and comprehensive analysis for EVCM, the company maintains strong fundamentals despite the insider sale. With a market capitalization of $2.16 billion and a "GOOD" financial health score according to InvestingPro, which offers 12 additional investment tips and comprehensive analysis for EVCM, the company maintains strong fundamentals despite the insider sale.
Following these transactions, Feierstein holds 2,239,169 shares directly. Additionally, he maintains indirect ownership of 150,000 shares through a family trust. The sales were conducted under a pre-established Rule 10b5-1 trading plan dated September 6, 2024.
In other recent news, EverCommerce reported modest growth in its Q3 2024 earnings. The company's total revenue increased slightly year-over-year to $176.3 million, with a pro forma revenue growth of 4.3% when excluding fitness solutions sold earlier in the year. Adjusted EBITDA rose to $44.5 million, with a margin of 25.3%. Despite a decline in Marketing Technology Solutions revenue, the company's focus on payments and subscription services contributed to this growth. EverCommerce anticipates Q4 2024 revenue to be between $168 million and $172 million, with adjusted EBITDA of $43 million to $46 million. The company's leadership expressed optimism about the direction of the company, with ongoing organizational changes aimed at improving tactical approaches and empowering local leadership. As part of the recent developments, EverCommerce is focusing on cross-sell and upsell opportunities, especially in the Payments sector.
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