Michael Praeger Biography and Net Worth

CEO of AvidXchange

Michael Praeger. Michael Praeger is cofounder of AvidXchange and has served as our Chief Executive Officer since April 2000, our President since December 2010, and as Chairman of our board of directors since April 2000. Mr. Praeger has spent the last 28 years managing technology and web services-related companies. Prior to establishing AvidXchange, Mr. Praeger co-founded PlanetResume.com, a technology career enhancement and recruiting site that successfully completed its merger with CareerShop.com in November 1999. Prior to that, Mr. Praeger co-founded and served as Chief Executive Officer of InfoLink Partners, a software company specializing in automating the tax billing and collection functions for municipalities along with corporate escheat recovery services. Mr. Praeger received a BSBA degree in Finance from Georgetown University. We believe Mr. Praeger is qualified to serve on our board of directors due to his extensive knowledge of our company, as well as his significant operational and strategic.

What is Michael Praeger's net worth?: The estimated net worth of Michael Praeger is at least $88.42 million as of February 28th, 2025. Mr. Praeger owns 11,164,737 shares of AvidXchange stock worth more than $88,424,717 as of March 14th. This net worth evaluation does not reflect any other investments that Mr. Praeger may own. Additionally, Mr. Praeger receives a salary of $1,120,000.00 as CEO at AvidXchange. Learn More about Michael Praeger's net worth.
How old is Michael Praeger?: Mr. Praeger is currently 59 years old. There are 4 older executives and no younger executives at AvidXchange. Learn More on Michael Praeger's age.
What is Michael Praeger's salary?: As the CEO of AvidXchange Holdings, Inc., Mr. Praeger earns $1,120,000.00 per year. Learn More on Michael Praeger's salary.
How do I contact Michael Praeger?: The corporate mailing address for Mr. Praeger 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 Michael Praeger's contact information.
Has Michael Praeger been buying or selling shares of AvidXchange?: During the last ninety days, Michael Praeger has sold $446,906.79 in AvidXchange stock. Most recently, Michael Praeger sold 58,881 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 $446,906.79. Following the completion of the sale, the chief executive officer now directly owns 11,164,737 shares of the company's stock, valued at $84,740,353.83. Learn More on Michael Praeger's 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 26 times. They sold a total of 743,491 shares worth more than $7,610,452.40. 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.

Michael Praeger Insider Trading History at AvidXchange

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
2/28/2025	Sell	58,881	$7.59	$446,906.79	11,164,737
12/2/2024	Sell	42,377	$11.40	$483,097.80	10,381,033
8/29/2024	Sell	6,701	$8.17	$54,747.17	10,410,983
8/27/2024	Sell	37,225	$7.98	$297,055.50	10,453,786
6/11/2024	Sell	29,192	$10.85	$316,733.20	10,440,510
5/20/2024	Sell	43,738	$11.11	$485,929.18	10,440,510
5/15/2024	Sell	25,418	$11.24	$285,698.32	10,495,547
3/14/2024	Sell	46,692	$12.55	$585,984.60	10,470,460
3/8/2024	Sell	105,386	$12.80	$1,348,940.80	10,470,460
3/1/2024	Sell	69,508	$13.15	$914,030.20	10,183,941
11/17/2023	Sell	29,883	$9.74	$291,060.42	9,917,588
11/15/2023	Sell	25,210	$9.74	$245,545.40	9,947,471
8/17/2023	Sell	59,562	$10.04	$598,002.48	9,917,588
8/15/2023	Sell	25,789	$10.09	$260,211.01	9,977,150
5/15/2023	Sell	24,835	$8.82	$219,044.70	9,947,842
3/6/2023	Sell	59,158	$9.55	$564,958.90	9,409,641
3/10/2022	Buy	69,500	$7.11	$494,145.00

Michael Praeger Buying and Selling Activity at AvidXchange

AvidXchange Company Overview

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.

Today's Range

Now: $7.92

$7.72

$8.09

50 Day Range

MA: $9.41

$6.89

$10.81

2 Week Range

Now: $7.92

$6.61

$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

Michael Praeger Biography and Net Worth

What is Michael Praeger's net worth?

How old is Michael Praeger?

What is Michael Praeger's salary?

How do I contact Michael Praeger?

Has Michael Praeger been buying or selling shares of AvidXchange?

Who are AvidXchange's active insiders?

Are insiders buying or selling shares of AvidXchange?