Everbridge, Inc. (EVBG) SVP Sells $23,690.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $23.69, for a total transaction of $23,690.00. Following the completion of the transaction, the senior vice president now owns 1,018 shares of the company’s stock, valued at $24,116.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Everbridge, Inc. (EVBG) traded up 0.39% during mid-day trading on Friday, reaching $23.20. 185,657 shares of the company were exchanged. The firm has a 50-day moving average price of $24.34 and a 200 day moving average price of $21.57. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $26.87. The stock’s market capitalization is $646.40 million.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results 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 business had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.09 million. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. Equities research analysts anticipate that Everbridge, Inc. will post ($0.30) EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of Everbridge during the fourth quarter valued at approximately $529,000. State Street Corp acquired a new stake in shares of Everbridge during the fourth quarter valued at approximately $1,490,000. Putnam Investments LLC boosted its stake in shares of Everbridge by 30.6% in the fourth quarter. Putnam Investments LLC now owns 106,231 shares of the technology company’s stock valued at $1,960,000 after buying an additional 24,893 shares in the last quarter. Teachers Advisors LLC acquired a new stake in shares of Everbridge during the fourth quarter valued at approximately $180,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Everbridge by 404.7% in the first quarter. Wells Fargo & Company MN now owns 27,652 shares of the technology company’s stock valued at $568,000 after buying an additional 22,173 shares in the last quarter. Institutional investors own 36.13% of the company’s stock.
EVBG has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Needham & Company LLC initiated coverage on shares of Everbridge in a report on Monday, April 17th. They issued a “buy” rating and a $25.00 price objective for the company. Pacific Crest reiterated a “buy” rating on shares of Everbridge in a report on Tuesday, May 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $27.00 price objective (up from $22.00) on shares of Everbridge in a report on Tuesday, May 9th. Finally, Bank of America Corporation increased their price objective on shares of Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Everbridge currently has a consensus rating of “Buy” and a consensus target price of $24.20.
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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