Everbridge, Inc. (NASDAQ:EVBG) SVP Sells $330,600.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Gary R. Phillips sold 15,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $22.04, for a total transaction of $330,600.00. Following the sale, the senior vice president now directly owns 1,045 shares in the company, valued at approximately $23,031.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Everbridge, Inc. (NASDAQ EVBG) traded up 0.63% during trading on Tuesday, hitting $22.31. 380,959 shares of the stock traded hands. The firm’s market cap is $621.60 million. The company has a 50 day moving average price of $23.78 and a 200 day moving average price of $21.88. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $26.87.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $25 million for the quarter, compared to analyst estimates of $24.49 million. Everbridge had a negative net margin of 16.72% and a negative return on equity of 27.23%. The business’s revenue was up 34.4% compared to the same quarter last year. Analysts anticipate that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.
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A number of brokerages have commented on EVBG. Bank of America Corporation upped their price target on shares of Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. KeyCorp reaffirmed a “buy” rating and set a $27.00 price target on shares of Everbridge in a research report on Friday. Canaccord Genuity upped their price target on shares of Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price target (up previously from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. Finally, Zacks Investment Research raised shares of Everbridge from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Everbridge currently has a consensus rating of “Buy” and a consensus price target of $25.60.
Several large investors have recently made changes to their positions in the stock. Fortaleza Asset Management Inc. bought a new stake in shares of Everbridge during the second quarter worth $166,000. Marshall Wace North America L.P. bought a new stake in shares of Everbridge during the second quarter worth $2,706,000. Legal & General Group Plc raised 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 worth $107,000 after buying an additional 2,885 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Everbridge by 67.8% in the second quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock worth $4,840,000 after buying an additional 80,245 shares during the last quarter. Finally, Denver Investment Advisors LLC bought a new stake in shares of Everbridge during the second quarter worth $433,000. 37.60% of the stock is currently owned by hedge funds and other institutional investors.
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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