Insider Selling: Everbridge Inc (EVBG) CFO Sells 816 Shares of Stock

Everbridge Inc (NASDAQ:EVBG) CFO Kenneth S. Goldman sold 816 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $32.06, for a total transaction of $26,160.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Everbridge Inc (NASDAQ EVBG) traded up $1.10 during midday trading on Thursday, reaching $32.73. 367,349 shares of the company’s stock traded hands, compared to its average volume of 311,533. Everbridge Inc has a 1 year low of $16.63 and a 1 year high of $32.79. The firm has a market cap of $924.21 and a PE ratio of -54.55.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The firm had revenue of $27.31 million during the quarter, compared to analysts’ expectations of $26.41 million. During the same period in the prior year, the company posted ($0.07) EPS. The company’s revenue was up 37.0% on a year-over-year basis. equities research analysts expect that Everbridge Inc will post -0.55 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in shares of Everbridge by 31.9% in the 3rd quarter. New York State Common Retirement Fund now owns 64,463 shares of the technology company’s stock valued at $1,703,000 after purchasing an additional 15,603 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Everbridge by 67.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock valued at $4,840,000 after purchasing an additional 80,245 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Everbridge in the 2nd quarter valued at $288,000. Granahan Investment Management Inc. MA bought a new stake in shares of Everbridge in the 3rd quarter valued at $5,296,000. Finally, Gagnon Securities LLC boosted its stake in shares of Everbridge by 45.2% in the 3rd quarter. Gagnon Securities LLC now owns 317,971 shares of the technology company’s stock valued at $8,401,000 after purchasing an additional 98,912 shares during the last quarter. 65.40% of the stock is currently owned by institutional investors.

Several equities analysts have issued reports on the stock. KeyCorp restated a “buy” rating and issued a $37.00 price target (up from $30.00) on shares of Everbridge in a research report on Wednesday. BidaskClub upgraded shares of Everbridge from a “hold” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus restated a “buy” rating and issued a $33.00 price target on shares of Everbridge in a research report on Thursday, January 11th. Zacks Investment Research cut shares of Everbridge from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, January 9th. Finally, William Blair restated a “buy” rating on shares of Everbridge in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Everbridge presently has a consensus rating of “Buy” and an average target price of $32.11.

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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.

Insider Buying and Selling by Quarter for Everbridge (NASDAQ:EVBG)

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