EverQuote , Inc.'s (NASDAQ:EVER) Chief Technology Officer, David Brainard, recently sold a total of 4,327 shares of the company's Class A Common Stock, resulting in over $107,958 in proceeds. The transactions, which took place on May 21, 2024, were executed at a weighted average price of $24.95 per share, with individual sales prices ranging from $24.67 to $25.21.
The sale by Brainard was carried out in accordance with a Rule 10b5-1 trading plan that he had previously adopted on December 15, 2023. This plan allows company insiders to set up a predetermined schedule for selling stocks at a time when they are not in possession of material non-public information, providing a defense against potential claims of insider trading.
Following the recent sale, Brainard still holds a substantial number of shares in EverQuote, with his ownership standing at 175,142 shares of Class A Common Stock. The detailed information regarding the number of shares sold at each separate price within the stated range is available upon request from EverQuote, Inc., its security holders, or the Securities and Exchange Commission staff.
EverQuote, based in Cambridge, Massachusetts, operates within the technology sector, providing services in computer programming, data processing, and other related fields. The company's stock is publicly traded under the ticker symbol EVER on the NASDAQ exchange.
Investors and market watchers often keep a close eye on insider transactions as they can provide valuable insights into the company's performance and insiders' perspectives on the stock's value.
InvestingPro Insights
EverQuote, Inc. (NASDAQ:EVER) has demonstrated a notable performance in the market, with certain metrics that may catch the eye of investors. A standout figure is the company's gross profit margin, which has reached an impressive 91.95% for the last twelve months as of Q1 2024, according to InvestingPro Data. This high margin suggests that EverQuote is able to retain a significant portion of its revenue after accounting for the cost of goods sold, which can be a sign of strong pricing power or cost efficiency.
Additionally, the company's stock has experienced substantial appreciation in the market, with a 158.73% return over the last year and a 180.34% increase over the last six months. These figures highlight the positive sentiment around EverQuote's stock among investors and may reflect expectations for future growth.
While EverQuote currently does not pay a dividend to shareholders, which is a consideration for income-focused investors, the company holds more cash than debt on its balance sheet, as per InvestingPro Tips. This could be an indication of financial stability and may provide the company with the flexibility to invest in growth opportunities or weather economic downturns.
For those interested in a deeper dive into EverQuote's financial health and future prospects, InvestingPro offers additional insights. There are 13 more InvestingPro Tips available for EverQuote, which can be found at Investing.com Pro. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, and explore the full spectrum of data and analytics that can inform your investment decisions.
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