Everbridge Sees Unusually High Options Volume (EVBG)
Everbridge Inc (NASDAQ:EVBG) was the target of some unusual options trading on Monday. Traders acquired 2,100 call options on the stock. This is an increase of 1,491% compared to the average volume of 132 call options.
Shares of Everbridge (EVBG) opened at $30.89 on Thursday. The firm has a market cap of $867.14 and a price-to-earnings ratio of -51.48. Everbridge has a 12 month low of $16.63 and a 12 month high of $31.17.
Everbridge (NASDAQ:EVBG) last announced 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. The business had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The company’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS. analysts expect that Everbridge will post -0.55 EPS for the current year.
In other Everbridge news, CEO Jaime Wallace Ellertson sold 97,500 shares of Everbridge stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $26.43, for a total transaction of $2,576,925.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kenneth S. Goldman sold 11,141 shares of the business’s 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,753 shares of company stock worth $4,091,021. Insiders own 41.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in Everbridge by 196.3% during the 2nd 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 during the last quarter. Nationwide Fund Advisors increased its stake in shares of Everbridge by 210.1% in the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after purchasing an additional 6,497 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Everbridge in the 2nd quarter worth $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Everbridge in the 3rd quarter worth $329,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Everbridge in the 2nd quarter worth $331,000. Institutional investors and hedge funds own 65.40% of the company’s stock.
EVBG has been the topic of a number of analyst reports. Credit Suisse Group reissued an “outperform” rating and issued a $30.00 price target (up from $26.50) on shares of Everbridge in a research report on Friday, November 17th. BidaskClub cut Everbridge from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Friday, November 10th. Northland Securities reissued a “buy” rating and issued a $33.00 price target on shares of Everbridge in a research report on Friday, November 10th. Finally, Needham & Company LLC boosted their price target on Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.00.
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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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