Everbridge, Inc. (EVBG) SVP Sells $67,025.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $26.81, for a total value of $67,025.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Everbridge, Inc. (NASDAQ:EVBG) traded up 0.97% during midday trading on Wednesday, hitting $27.00. The stock 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 has a 50-day moving average price of $25.17 and a 200 day moving average price of $25.17. The firm’s market cap is $758.57 million.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $25.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. On average, analysts predict that Everbridge, Inc. will post ($0.28) earnings per share for the current year.
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A number of equities research analysts have weighed in on EVBG shares. SunTrust Banks, Inc. started coverage on Everbridge in a research note on Monday, June 26th. They issued a “buy” rating and a $32.00 price objective for the company. KeyCorp reiterated a “buy” rating and issued a $27.00 price objective on shares of Everbridge in a research note on Friday, August 4th. Canaccord Genuity boosted their price objective on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research cut Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Northland Securities started coverage on Everbridge in a research note on Wednesday, August 30th. They issued an “outperform” rating and a $28.00 price objective for the company. 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’s stock. Everbridge presently has a consensus rating of “Buy” and a consensus target price of $26.10.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. bought a new stake in shares of Everbridge in the 2nd quarter worth approximately $2,706,000. Nicholas Investment Partners LP lifted its holdings in shares of Everbridge by 20.8% in the 2nd quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock worth $10,626,000 after purchasing an additional 75,076 shares during the last quarter. Teachers Advisors LLC bought a new stake in shares of Everbridge in the 4th quarter worth approximately $180,000. Driehaus Capital Management LLC bought a new stake in shares of Everbridge in the 1st quarter worth approximately $3,670,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Everbridge by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock worth $6,631,000 after purchasing an additional 33,665 shares during the last quarter. 51.22% of the stock is currently owned by institutional investors and hedge funds.
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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