Everbridge, Inc. (EVBG) CFO Kenneth S. Goldman Sells 11,141 Shares
Everbridge, Inc. (NASDAQ:EVBG) CFO Kenneth S. Goldman sold 11,141 shares of Everbridge stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $26.88, for a total value of $299,470.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Everbridge, Inc. (NASDAQ EVBG) traded up 0.26% during midday trading on Wednesday, hitting $26.84. The stock had a trading volume of 84,488 shares. Everbridge, Inc. has a 12 month low of $12.92 and a 12 month high of $27.50. The company’s market cap is $754.07 million. The firm’s 50-day moving average price is $25.65 and its 200 day moving average price is $25.65.
Everbridge (NASDAQ:EVBG) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, beating the Zacks’ 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 return on equity of 26.39% and a negative net margin of 16.72%. The company’s revenue was up 34.4% on a year-over-year basis. On average, analysts expect that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.
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A number of equities analysts recently commented on EVBG shares. SunTrust Banks, Inc. started coverage on Everbridge in a research note on Monday, June 26th. They issued a “buy” rating and a $32.00 price objective on the stock. KeyCorp reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Everbridge in a research note on Friday, August 4th. Canaccord Genuity lifted their price objective on Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Northland Securities started coverage on Everbridge in a research note on Wednesday, August 30th. They issued an “outperform” rating and a $28.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $29.14.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EVBG. Teachers Advisors LLC purchased a new position in shares of Everbridge in the 4th quarter valued at approximately $180,000. Wells Fargo & Company MN lifted its stake in shares of Everbridge by 404.7% in the 1st quarter. Wells Fargo & Company MN now owns 27,652 shares of the technology company’s stock valued at $568,000 after purchasing an additional 22,173 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Everbridge by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock valued at $2,432,000 after purchasing an additional 325 shares during the period. Ameriprise Financial Inc. purchased a new position in shares of Everbridge in the 1st quarter valued at approximately $5,165,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Everbridge by 6.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock valued at $404,000 after purchasing an additional 1,199 shares during the period. Institutional investors own 51.02% of the company’s stock.
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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