Everbridge Inc (EVBG) SVP Sells $81,950.00 in Stock

Everbridge Inc (NASDAQ:EVBG) SVP Elliot J. Mark sold 2,500 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $32.78, for a total transaction of $81,950.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Everbridge Inc (EVBG) traded up $0.30 during trading on Tuesday, reaching $33.25. 126,717 shares of the company’s stock were exchanged, compared to its average volume of 292,140. Everbridge Inc has a 1 year low of $16.63 and a 1 year high of $33.33. The firm has a market capitalization of $930.99 and a price-to-earnings ratio of -55.42.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $26.41 million. During the same quarter last year, the business posted ($0.07) earnings per share. The company’s quarterly revenue was up 37.0% on a year-over-year basis. equities research analysts forecast that Everbridge Inc will post -0.55 earnings per share for the current year.

Several research firms recently issued reports on EVBG. BidaskClub upgraded shares of Everbridge from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. KeyCorp reiterated a “buy” rating and set a $37.00 price target (up previously from $30.00) on shares of Everbridge in a research report on Wednesday, January 17th. Stifel Nicolaus reiterated a “buy” rating and set a $33.00 price target on shares of Everbridge in a research report on Thursday, January 11th. Northland Securities reiterated an “outperform” rating and set a $31.00 price target (up previously from $28.00) on shares of Everbridge in a research report on Friday, October 13th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $33.00 price target (up previously from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th. 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 stock. The company currently has an average rating of “Buy” and an average price target of $32.11.

Institutional investors have recently modified their holdings of the business. Legal & General Group Plc boosted its position in Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after buying an additional 2,885 shares in the last quarter. Nationwide Fund Advisors boosted its position in Everbridge by 210.1% in the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after buying an additional 6,497 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Everbridge in the second quarter valued at approximately $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Everbridge in the third quarter valued at approximately $329,000. Finally, Alliancebernstein L.P. acquired a new stake in Everbridge in the second quarter valued at approximately $331,000. Hedge funds and other institutional investors own 65.98% of the company’s stock.

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About Everbridge

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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