EverCommerce Inc. (EVCM) shares plummeted 15.27% in pre-market trading, extending a sharp decline from the previous session.

The sell-off follows the company's disappointing second-quarter outlook. EverCommerce issued Q2 revenue guidance of $150.5 million to $153.5 million, falling short of the analyst consensus estimate of $154.8 million. Furthermore, its forecast for adjusted EBITDA of $41 million to $43 million missed the expected $46.5 million.

Adding to investor concerns, regulatory filings revealed that CEO Eric Remer sold 19,200 shares in the days leading up to the announcement. Although executed under a pre-arranged trading plan, the transaction contributed to the negative sentiment surrounding the stock.