Everbridge, Inc. (EVBG) Insider Sells $52,250.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) insider Joel Rosen sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $27.50, for a total value of $52,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Everbridge, Inc. (NASDAQ EVBG) traded up 0.97% on Wednesday, reaching $27.00. The company had a trading volume of 226,450 shares. Everbridge, Inc. has a one year low of $12.92 and a one year high of $27.50. The stock’s market cap is $758.57 million. The company has a 50-day moving average of $25.17 and a 200 day moving average of $25.17.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The company had revenue of $25.00 million for the quarter, compared to analyst estimates of $24.49 million. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. On average, equities research analysts predict that Everbridge, Inc. will post ($0.28) EPS for the current year.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a research report on Tuesday. William Blair reiterated a “buy” rating on shares of Everbridge in a research report on Monday, September 25th. ValuEngine upgraded Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. SunTrust Banks, Inc. assumed coverage on Everbridge in a research report on Monday, June 26th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $26.10.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in 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 acquiring an additional 2,885 shares during the last quarter. American International Group Inc. bought a new stake in Everbridge during the 1st quarter worth approximately $108,000. Fortaleza Asset Management Inc. bought a new stake in Everbridge during the 2nd quarter worth approximately $166,000. Nationwide Fund Advisors grew its position in Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after acquiring an additional 6,497 shares during the last quarter. Finally, Teachers Advisors LLC bought a new stake in Everbridge during the 4th quarter worth approximately $180,000. Institutional investors and hedge funds own 51.22% of the company’s stock.
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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