Insider Selling: Everbridge, Inc. (EVBG) SVP Sells 1,000 Shares of Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 1,000 shares of Everbridge stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $23.30, for a total value of $23,300.00. Following the sale, the senior vice president now directly owns 1,018 shares in the company, valued at $23,719.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Everbridge, Inc. (NASDAQ EVBG) traded down 0.68% on Thursday, hitting $23.37. The stock had a trading volume of 256,750 shares. The firm’s market capitalization is $656.58 million. The company has a 50 day moving average of $23.42 and a 200-day moving average of $20.88. Everbridge, Inc. has a 12-month low of $11.76 and a 12-month high of $23.56.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $25.00 million for the quarter, compared to analysts’ expectations of $24.49 million. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. Everbridge’s revenue for the quarter was up 34.4% compared to the same quarter last year. Equities analysts predict that Everbridge, Inc. will post ($0.28) EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC increased its stake in Everbridge by 13.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 714,858 shares of the technology company’s stock valued at $17,414,000 after acquiring an additional 85,932 shares during the last quarter. Vanguard Group Inc. boosted its position in Everbridge by 115.8% in the second quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock valued at $16,977,000 after buying an additional 373,899 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Everbridge in the second quarter valued at approximately $11,771,000. Nicholas Investment Partners LP boosted its position in Everbridge by 20.8% in the second quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock valued at $10,626,000 after buying an additional 75,076 shares in the last quarter. Finally, Voya Investment Management LLC acquired a new stake in Everbridge in the second quarter valued at approximately $8,364,000. 51.22% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on EVBG shares. SunTrust Banks, Inc. started coverage on Everbridge in a report on Monday, June 26th. They set a “buy” rating and a $32.00 price objective on the stock. Canaccord Genuity boosted their target price on Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 4th. KeyCorp reissued a “buy” rating and issued a $27.00 target price on shares of Everbridge in a report on Sunday. Northland Securities started coverage on Everbridge in a report on Wednesday, August 30th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research downgraded Everbridge from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $25.82.
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.
Receive News & Ratings for Everbridge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.