Everbridge, Inc. (EVBG) SVP Yuan Cheng Sells 11,000 Shares
Everbridge, Inc. (NASDAQ:EVBG) SVP Yuan Cheng sold 11,000 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $27.37, for a total value of $301,070.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Everbridge, Inc. (EVBG) traded up $0.25 during midday trading on Wednesday, reaching $27.78. The company’s stock had a trading volume of 321,882 shares, compared to its average volume of 192,145. Everbridge, Inc. has a one year low of $13.77 and a one year high of $29.64.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The business had revenue of $27.31 million for the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative return on equity of 30.28% and a negative net margin of 17.10%. The firm’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. equities research analysts anticipate that Everbridge, Inc. will post -0.64 EPS for the current year.
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Several research firms have weighed in on EVBG. Credit Suisse Group raised their target price on Everbridge from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday. ValuEngine upgraded Everbridge from a “sell” rating to a “hold” rating in a report on Monday, September 18th. KeyCorp raised their target price on Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday. Northland Securities began coverage on Everbridge in a report on Wednesday, August 30th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $30.75.
Several institutional investors have recently bought and sold shares of the company. Wasatch Advisors Inc. increased its stake in shares of Everbridge by 40.9% in the third quarter. Wasatch Advisors Inc. now owns 112,729 shares of the technology company’s stock worth $2,978,000 after purchasing an additional 32,729 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Everbridge by 29.5% in the third quarter. Ameriprise Financial Inc. now owns 386,883 shares of the technology company’s stock worth $10,222,000 after purchasing an additional 88,122 shares during the period. Hood River Capital Management LLC bought a new position in shares of Everbridge in the third quarter worth about $12,288,000. Bank of New York Mellon Corp increased its stake in shares of Everbridge by 100.2% in the third quarter. Bank of New York Mellon Corp now owns 397,691 shares of the technology company’s stock worth $10,507,000 after purchasing an additional 199,004 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Everbridge by 31.9% in the third quarter. New York State Common Retirement Fund now owns 64,463 shares of the technology company’s stock worth $1,703,000 after purchasing an additional 15,603 shares during the period. Institutional investors and hedge funds own 51.93% 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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