Insider Selling: Everbridge, Inc. (EVBG) SVP Sells 3,493 Shares of Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Imad Mouline sold 3,493 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $23.34, for a total value of $81,526.62. Following the completion of the sale, the senior vice president now directly owns 232,301 shares in the company, valued at approximately $5,421,905.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Imad Mouline also recently made the following trade(s):
- On Tuesday, June 20th, Imad Mouline sold 10,000 shares of Everbridge stock. The shares were sold at an average price of $25.00, for a total value of $250,000.00.
- On Tuesday, April 11th, Imad Mouline sold 35,000 shares of Everbridge stock. The shares were sold at an average price of $18.86, for a total value of $660,100.00.
Shares of Everbridge, Inc. (NASDAQ EVBG) traded down 1.90% during mid-day trading on Friday, hitting $22.74. The stock had a trading volume of 76,780 shares. The firm’s market capitalization is $633.58 million. The stock’s 50-day moving average is $25.09 and its 200 day moving average is $21.11. Everbridge, Inc. has a 1-year low of $11.76 and a 1-year high of $26.87.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, May 8th. The technology company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.02. The firm had revenue of $22.80 million for the quarter, compared to the consensus estimate of $22.09 million. The company’s revenue was up 33.3% on a year-over-year basis. Equities research analysts predict that Everbridge, Inc. will post ($0.30) EPS for the current fiscal year.
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Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Everbridge in a research report on Tuesday, May 9th. SunTrust Banks, Inc. assumed coverage on Everbridge in a research report on Monday, June 26th. They set a “buy” rating and a $32.00 target price for the company. Zacks Investment Research raised Everbridge from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Bank of America Corporation raised their target price on Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 target price (up from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Everbridge has an average rating of “Buy” and a consensus price target of $24.20.
Hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA CREF Investment Management LLC raised its position in shares of Everbridge by 45.9% in the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock worth $435,000 after buying an additional 6,672 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its position in shares of Everbridge by 25.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 628,926 shares of the technology company’s stock worth $12,912,000 after buying an additional 126,056 shares during the last quarter. American International Group Inc. acquired a new stake in Everbridge during the first quarter valued at approximately $108,000. Pier Capital LLC increased its stake in Everbridge by 26.1% in the first quarter. Pier Capital LLC now owns 304,327 shares of the technology company’s stock valued at $6,248,000 after buying an additional 63,006 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Everbridge by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock valued at $404,000 after buying an additional 1,199 shares during the period. Institutional investors and hedge funds own 36.04% 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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