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Daniel Drees net worth and biography
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Daniel Drees Biography and Net Worth

President of AvidXchange

Dan Drees was elevated to the role of President in January 2023 and is responsible for driving organizational agility, operational synergies, and the execution of key strategic growth initiatives.

Since joining in 2018 as Chief Growth Officer, Dan has been instrumental to AvidXchange’s growth and helping the company navigate critical milestones such as organic vertical market expansions, multiple acquisitions, the IPO, and the company’s response to Covid-19. Dan remains committed to our customer needs; helping them gain greater visibility into their business, increase revenue and drive efficiencies.

Dan is a financial technology (fintech) expert and industry veteran with more than 25 years of helping Fortune 500 companies and financial institutions generate next-level growth; organizations such as GE, Bank of America, Ally, and Capital One.

Dan earned a BS in Mechanical Engineering, is a Six Sigma Black Belt trained at GE as part of the Quality Leader track and has completed executive and senior executive courses at GE’s John F. Welch Management Institute.

What is Daniel Drees' net worth?

The estimated net worth of Daniel Drees is at least $9.32 million as of February 28th, 2025. Mr. Drees owns 1,176,833 shares of AvidXchange stock worth more than $9,320,517 as of March 15th. This net worth approximation does not reflect any other assets that Mr. Drees may own. Additionally, Mr. Drees receives an annual salary of $974,920.00 as President at AvidXchange. Learn More about Daniel Drees' net worth.

How old is Daniel Drees?

Mr. Drees is currently 55 years old. There are 4 older executives and no younger executives at AvidXchange. The oldest executive at AvidXchange is Mr. Michael Praeger, Co-Founder, Chairman & CEO, who is 59 years old. Learn More on Daniel Drees' age.

What is Daniel Drees' salary?

As the President of AvidXchange Holdings, Inc., Mr. Drees earns $974,920.00 per year. The highest earning executive at AvidXchange is Mr. Michael Praeger, Co-Founder, Chairman & CEO, who commands a salary of $1,120,000.00 per year. Learn More on Daniel Drees' salary.

How do I contact Daniel Drees?

The corporate mailing address for Mr. Drees and other AvidXchange executives is 1210 AVIDXCHANGE LANE, CHARLOTTE NC, 28206. AvidXchange can also be reached via phone at 800-560-9305 and via email at skumar1@avidxchange.com. Learn More on Daniel Drees' contact information.

Has Daniel Drees been buying or selling shares of AvidXchange?

In the last ninety days, Daniel Drees has sold $263,995.38 in AvidXchange stock. Most recently, Daniel Drees sold 34,782 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $7.59, for a transaction totalling $263,995.38. Following the completion of the sale, the president now directly owns 1,176,833 shares of the company's stock, valued at $8,932,162.47. Learn More on Daniel Drees' trading history.

Who are AvidXchange's active insiders?

AvidXchange's insider roster includes Todd Cunningham (Chief People Officer), Daniel Drees (President), Angelic Gibson (Chief Information Officer), James Hausman (Director), Teresa Mackintosh (Director), Michael Praeger (CEO), Michael Praeger (Co-Founder, Chairman & CEO), Joel Wilhite (Sr. VP & CFO ), and Joel Wilhite (Chief Financial Officer). Learn More on AvidXchange's active insiders.

Are insiders buying or selling shares of AvidXchange?

In the last year, insiders at the sold shares 25 times. They sold a total of 696,799 shares worth more than $7,024,467.80. The most recent insider tranaction occured on February, 28th when insider Joel Wilhite sold 32,203 shares worth more than $244,420.77. Insiders at AvidXchange own 10.4% of the company. Learn More about insider trades at AvidXchange.

Information on this page was last updated on 2/28/2025.

Daniel Drees Insider Trading History at AvidXchange

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Daniel Drees Buying and Selling Activity at AvidXchange

This chart shows Daniel Drees's buying and selling at AvidXchange by year and by quarter.

Skip ChartChart Data in Insider Trading History Table
2022202320242025$0bought$264ksoldQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1-$500k$0$500kTotal Insider BuyingTotal Insider Selling

AvidXchange Company Overview

AvidXchange logo
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners. AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.
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Today's Range

Now: $7.92
Low: $7.72
High: $8.09

50 Day Range

MA: $9.41
Low: $6.89
High: $10.81

2 Week Range

Now: $7.92
Low: $6.61
High: $13.49

Volume

5,312,779 shs

Average Volume

1,940,653 shs

Market Capitalization

$1.62 billion

P/E Ratio

198.00

Dividend Yield

N/A

Beta

1.28