Scott Burnett Sells 10,000 Shares of Everbridge, Inc. (EVBG) Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Scott Burnett sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $23.89, for a total value of $238,900.00. Following the sale, the senior vice president now owns 199 shares of the company’s stock, valued at $4,754.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Everbridge, Inc. (NASDAQ EVBG) traded up 1.30% during midday trading on Wednesday, reaching $24.23. The company’s stock had a trading volume of 180,661 shares. The company’s market cap is $675.10 million. The stock has a 50-day moving average price of $24.61 and a 200 day moving average price of $20.43. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $26.87.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, May 8th. The technology company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.02. The business had revenue of $22.80 million for the quarter, compared to analysts’ expectations of $22.09 million. Everbridge’s revenue for the quarter was up 33.3% on a year-over-year basis. Analysts expect that Everbridge, Inc. will post ($0.30) earnings per share for the current fiscal year.
Several research firms have weighed in on EVBG. Bank of America Corp upped their target price on Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Needham & Company LLC restated a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Everbridge in a research note on Tuesday, May 9th. Stifel Nicolaus restated a “buy” rating and set a $27.00 target price (up from $22.00) on shares of Everbridge in a research note on Tuesday, May 9th. Pacific Crest restated a “buy” rating on shares of Everbridge in a research note on Tuesday, May 9th. Finally, Zacks Investment Research upgraded Everbridge from a “sell” rating to a “hold” rating and set a $26.00 target price for the company in a research note on Monday, May 1st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Everbridge currently has a consensus rating of “Buy” and an average price target of $23.33.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its position in Everbridge by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock worth $2,432,000 after buying an additional 325 shares during the period. Parametric Portfolio Associates LLC increased its position in Everbridge by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock worth $404,000 after buying an additional 1,199 shares during the period. Teachers Advisors LLC increased its position in Everbridge by 20.7% in the first quarter. Teachers Advisors LLC now owns 11,798 shares of the technology company’s stock worth $242,000 after buying an additional 2,025 shares during the period. American International Group Inc. acquired a new position in Everbridge during the first quarter worth approximately $108,000. Finally, Geode Capital Management LLC increased its position in Everbridge by 5.3% in the first quarter. Geode Capital Management LLC now owns 105,783 shares of the technology company’s stock worth $2,171,000 after buying an additional 5,317 shares during the period. 36.15% of the stock is currently owned by institutional investors and hedge funds.
Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.
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