Everbridge, Inc. (EVBG) SVP Sells $22,790.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 1,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $22.79, for a total value of $22,790.00. Following the completion of the transaction, the senior vice president now directly owns 1,018 shares of the company’s stock, valued at approximately $23,200.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Everbridge, Inc. (EVBG) traded down 0.83% on Wednesday, reaching $22.75. The company’s stock had a trading volume of 118,502 shares. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $26.87. The stock’s market cap is $634.20 million. The firm’s 50-day moving average price is $23.26 and its 200-day moving average price is $22.11.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25 million during the quarter, compared to the consensus estimate of $24.49 million. Everbridge had a negative return on equity of 27.23% and a negative net margin of 16.72%. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, analysts forecast that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.
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A number of research firms recently commented on EVBG. Bank of America Corporation boosted their price target on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. KeyCorp reaffirmed a “buy” rating and issued a $27.00 price target on shares of Everbridge in a research note on Friday, August 4th. Zacks Investment Research downgraded Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Canaccord Genuity boosted their price target on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $27.00 price target (up previously from $22.00) on shares of Everbridge in a research note on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Everbridge has an average rating of “Buy” and an average price target of $25.60.
Several hedge funds have recently modified their holdings of EVBG. Crosslink Capital Inc. increased its stake in shares of Everbridge by 7.8% in the second quarter. Crosslink Capital Inc. now owns 313,193 shares of the technology company’s stock worth $7,629,000 after buying an additional 22,597 shares during the period. California State Teachers Retirement System increased its stake in shares of Everbridge by 74.4% in the second quarter. California State Teachers Retirement System now owns 30,000 shares of the technology company’s stock worth $731,000 after buying an additional 12,800 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Everbridge by 77.3% in the second quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock worth $345,000 after buying an additional 6,177 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Everbridge during the second quarter worth $288,000. Finally, State Street Corp boosted its position in shares of Everbridge by 105.2% in the second quarter. State Street Corp now owns 261,957 shares of the technology company’s stock worth $6,380,000 after buying an additional 134,301 shares in the last quarter. Hedge funds and other institutional investors own 38.46% 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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