Everbridge, Inc. (EVBG) SVP Scott Burnett Sells 800 Shares
Everbridge, Inc. (NASDAQ:EVBG) SVP Scott Burnett sold 800 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $24.08, for a total value of $19,264.00. Following the transaction, the senior vice president now owns 8,894 shares of the company’s stock, valued at $214,167.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Scott Burnett also recently made the following trade(s):
- On Tuesday, July 25th, Scott Burnett sold 200 shares of Everbridge stock. The shares were sold at an average price of $24.00, for a total value of $4,800.00.
- On Tuesday, June 13th, Scott Burnett sold 10,000 shares of Everbridge stock. The shares were sold at an average price of $23.89, for a total value of $238,900.00.
Everbridge, Inc. (NASDAQ:EVBG) traded up 0.63% during midday trading on Tuesday, reaching $22.31. The company’s stock had a trading volume of 380,959 shares. The company’s market capitalization is $621.60 million. The company has a 50 day moving average of $23.78 and a 200-day moving average of $21.88. Everbridge, Inc. has a 1-year low of $11.76 and a 1-year high of $26.87.
Everbridge (NASDAQ:EVBG) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. Everbridge had a negative return on equity of 27.23% and a negative net margin of 16.72%. The company had revenue of $25 million during the quarter, compared to the consensus estimate of $24.49 million. The company’s revenue was up 34.4% compared to the same quarter last year. Equities research analysts anticipate that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc increased its stake in shares of Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after buying an additional 2,885 shares during the last quarter. American International Group Inc. bought a new stake in shares of Everbridge during the first quarter valued at $108,000. Fortaleza Asset Management Inc. bought a new stake in shares of Everbridge during the second quarter valued at $166,000. Teachers Advisors LLC bought a new stake in shares of Everbridge during the fourth quarter valued at $180,000. Finally, US Bancorp DE bought a new stake in shares of Everbridge during the second quarter valued at $292,000. 37.60% of the stock is owned by institutional investors.
A number of research firms have issued reports on EVBG. Zacks Investment Research raised Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, April 24th. SunTrust Banks, Inc. began coverage on Everbridge in a research report on Monday, June 26th. They issued a “buy” rating and a $32.00 price target on the stock. Bank of America Corporation increased their price target on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $25.00) on shares of Everbridge in a research report on Tuesday, May 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $27.00 price target (up previously from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $25.60.
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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