Everbridge, Inc. (EVBG) SVP Sells $92,389.85 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Imad Mouline sold 3,493 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $26.45, for a total transaction of $92,389.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Everbridge, Inc. (EVBG) traded down 0.44% during trading on Tuesday, reaching $26.95. 205,777 shares of the company were exchanged. The company’s 50-day moving average price is $25.42 and its 200-day moving average price is $25.42. The stock’s market capitalization is $757.16 million. Everbridge, Inc. has a 1-year low of $12.92 and a 1-year high of $27.50.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.03. The company had revenue of $25.00 million during 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% on a year-over-year basis. On average, equities analysts forecast that Everbridge, Inc. will post ($0.28) EPS for the current year.
Several equities analysts have recently commented on EVBG shares. Stifel Nicolaus upped their price objective on shares of Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, September 18th. KeyCorp reaffirmed a “buy” rating and set a $27.00 price objective on shares of Everbridge in a research note on Sunday, September 10th. Canaccord Genuity upped their price objective on shares of Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 4th. SunTrust Banks, Inc. started coverage on shares of Everbridge in a research note on Monday, June 26th. They set a “buy” rating and a $32.00 price objective for the company. Finally, William Blair reaffirmed a “buy” rating on shares of Everbridge in a research note on Monday, September 25th. 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. Everbridge currently has a consensus rating of “Buy” and a consensus target price of $26.10.
Institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new stake in Everbridge in the 2nd quarter valued at about $2,706,000. Nicholas Investment Partners LP boosted its position in Everbridge by 20.8% in the 2nd 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 during the period. Vanguard Group Inc. boosted its position in Everbridge by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock valued at $6,631,000 after buying an additional 33,665 shares during the period. Teachers Advisors LLC purchased a new stake in Everbridge in the 4th quarter valued at about $180,000. Finally, Driehaus Capital Management LLC purchased a new stake in Everbridge in the 1st quarter valued at about $3,670,000. 51.22% of the stock is owned by 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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