EverCommerce Inc. (NASDAQ: EVCM) announced that CEO Eric Richard Remer sold 3,090 shares of the company’s stock on January 29th. The shares were sold at an average price of $11.62 per share, resulting in a total transaction value of $35,905.80. After the sale, Remer continues to hold 2,703,218 shares in the company.
The transaction was disclosed as part of regulatory requirements for insider trading activities. No additional details were provided regarding the reasons for the sale.
**Why this matters**
Insider transactions can provide insight into the confidence company executives have in their business. While sales do not necessarily indicate negative outlooks, they are closely monitored by investors for any potential impact on stock performance.