Everbridge, Inc. (EVBG) CFO Kenneth S. Goldman Sells 27,609 Shares
Everbridge, Inc. (NASDAQ:EVBG) CFO Kenneth S. Goldman sold 27,609 shares of the stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $23.05, for a total value of $636,387.45. Following the completion of the transaction, the chief financial officer now owns 1,742 shares of the company’s stock, valued at approximately $40,153.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Everbridge, Inc. (EVBG) traded down 1.90% on Friday, hitting $22.74. The stock had a trading volume of 76,780 shares. The company’s market cap is $633.58 million. The company has a 50 day moving average price of $25.09 and a 200-day moving average price of $21.11. Everbridge, Inc. has a 52-week low of $11.76 and a 52-week high of $26.87.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Monday, May 8th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.02. The company had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.09 million. The business’s revenue was up 33.3% on a year-over-year basis. On average, equities research analysts predict that Everbridge, Inc. will post ($0.30) earnings per share for the current year.
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A number of large investors have recently made changes to their positions in the stock. American International Group Inc. acquired a new stake in shares of Everbridge during the first quarter worth $108,000. Teachers Advisors LLC acquired a new stake in shares of Everbridge during the fourth quarter worth $180,000. Brown Advisory Inc. acquired a new stake in shares of Everbridge during the fourth quarter worth $214,000. Parametric Portfolio Associates LLC raised its stake in shares of Everbridge by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock worth $404,000 after buying an additional 1,199 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake 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 in the last quarter. 36.04% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the company. SunTrust Banks, Inc. assumed coverage on Everbridge in a report on Monday, June 26th. They set a “buy” rating and a $32.00 price target for the company. Bank of America Corporation increased their price objective on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective (up from $25.00) on shares of Everbridge in a research report on Tuesday, May 9th. Stifel Nicolaus reaffirmed a “buy” rating and set a $27.00 price objective (up from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. Finally, Pacific Crest reaffirmed a “buy” rating on shares of Everbridge in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Everbridge has an average rating of “Buy” and a consensus price target of $24.20.
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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