Everbridge, Inc. (NASDAQ:EVBG) Director Sells $1,326,252.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) Director Cintawati W. Putra sold 55,960 shares of the stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $23.70, for a total value of $1,326,252.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Everbridge, Inc. (NASDAQ EVBG) opened at 22.17 on Tuesday. The company’s market cap is $617.70 million. The firm’s 50-day moving average price is $23.89 and its 200-day moving average price is $21.86. Everbridge, Inc. has a 52-week low of $11.76 and a 52-week high of $26.87.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. Everbridge had a negative return on equity of 27.23% and a negative net margin of 16.72%. The business had revenue of $25 million during the quarter, compared to analyst estimates of $24.49 million. The business’s revenue for the quarter was up 34.4% compared to the same quarter last year. On average, equities analysts anticipate that Everbridge, Inc. will post ($0.30) EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of Everbridge by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock valued at $2,432,000 after buying an additional 325 shares during the period. Gradient Investments LLC raised its position in shares of Everbridge by 3.3% in the second quarter. Gradient Investments LLC now owns 18,017 shares of the technology company’s stock valued at $439,000 after buying an additional 576 shares during the period. Parametric Portfolio Associates LLC raised its position 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 valued at $404,000 after buying an additional 1,199 shares during the period. Legal & General Group Plc raised its position in shares of Everbridge by 196.3% in the second 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 period. Finally, American International Group Inc. acquired a new position in shares of Everbridge during the first quarter valued at about $108,000. Institutional investors and hedge funds own 37.60% of the company’s stock.
Several brokerages recently weighed in on EVBG. KeyCorp restated a “buy” rating and set a $27.00 target price on shares of Everbridge in a report on Friday. Canaccord Genuity increased their target price on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a report on Friday. Bank of America Corporation increased their target price on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Stifel Nicolaus restated a “buy” rating and set a $27.00 target price (up from $22.00) on shares of Everbridge in a report on Tuesday, May 9th. Finally, Zacks Investment Research upgraded Everbridge from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $25.60.
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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