Elliot J. Mark Sells 3,500 Shares of Everbridge Inc (EVBG) Stock
Everbridge Inc (NASDAQ:EVBG) SVP Elliot J. Mark sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $29.78, for a total transaction of $104,230.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Everbridge Inc (NASDAQ:EVBG) opened at $30.08 on Friday. Everbridge Inc has a 52 week low of $16.63 and a 52 week high of $30.23.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, beating the 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 business had revenue of $27.31 million during the quarter, compared to analysts’ expectations of $26.41 million. During the same period last year, the business earned ($0.07) earnings per share. The firm’s 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 fiscal year.
Several large investors have recently added to or reduced their stakes in EVBG. Legal & General Group Plc grew its stake in shares of 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 grew its stake in shares of 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 bought a new position in shares of Everbridge in the second quarter valued at $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Everbridge in the third quarter valued at $329,000. Finally, Alliancebernstein L.P. bought a new position in shares of Everbridge in the second quarter valued at $331,000. 65.40% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on EVBG. KeyCorp reaffirmed a “buy” rating and set a $27.00 price target on shares of Everbridge in a research note on Sunday, September 10th. Northland Securities reaffirmed an “outperform” rating and set a $31.00 price target (up from $28.00) on shares of Everbridge in a research note on Friday, October 13th. Canaccord Genuity reaffirmed a “buy” rating and set a $33.00 price target (up from $28.00) on shares of Everbridge in a research note on Tuesday, November 7th. ValuEngine raised shares of Everbridge from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, William Blair reaffirmed a “buy” rating on shares of Everbridge in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.00.
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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.
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