Everbridge, Inc. (EVBG) SVP Sells $177,960.64 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Gary R. Phillips sold 7,778 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $22.88, for a total value of $177,960.64. Following the completion of the transaction, the senior vice president now directly owns 1,045 shares in the company, valued at $23,909.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Everbridge, Inc. (NASDAQ EVBG) traded up 0.81% during midday trading on Thursday, hitting $22.34. The company had a trading volume of 257,077 shares. The company’s market cap is $627.64 million. Everbridge, Inc. has a one year low of $11.76 and a one year high of $26.87. The company’s 50 day moving average is $22.90 and its 200-day moving average is $22.53.
Everbridge (NASDAQ:EVBG) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 26.39% and a negative net margin of 16.72%. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, equities analysts predict that Everbridge, Inc. will post ($0.28) EPS for the current year.
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Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Everbridge by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock worth $2,432,000 after purchasing an additional 325 shares in the last quarter. Gradient Investments LLC grew its holdings in shares of Everbridge by 3.3% during the 2nd quarter. Gradient Investments LLC now owns 18,017 shares of the technology company’s stock worth $439,000 after purchasing an additional 576 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Everbridge by 6.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock worth $404,000 after purchasing an additional 1,199 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Everbridge by 196.3% during the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,885 shares in the last quarter. Finally, American International Group Inc. acquired a new stake in shares of Everbridge during the 1st quarter worth approximately $108,000. 51.22% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on EVBG. SunTrust Banks, Inc. began coverage on Everbridge in a research report on Monday, June 26th. They issued a “buy” rating and a $32.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and issued a $27.00 target price on shares of Everbridge in a research report on Friday, August 4th. Northland Securities began coverage on Everbridge in a research report on Wednesday, August 30th. They issued an “outperform” rating and a $28.00 target price on the stock. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Canaccord Genuity upped their target price on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $25.82.
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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