R William Burgess, Jr. Sells 15,494 Shares of Everbridge, Inc. (NASDAQ:EVBG) Stock
Everbridge, Inc. (NASDAQ:EVBG) major shareholder R William Burgess, Jr. sold 15,494 shares of Everbridge stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $22.49, for a total value of $348,460.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Everbridge, Inc. (NASDAQ EVBG) opened at 22.715 on Monday. The company’s market capitalization is $633.23 million. The stock’s 50 day moving average price is $23.44 and its 200-day moving average price is $22.01. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $26.87.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, topping the 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 analysts’ expectations of $24.49 million. The business’s revenue for the quarter was up 34.4% on a year-over-year basis. On average, equities research analysts predict that Everbridge, Inc. will post ($0.28) EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in 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. American International Group Inc. acquired a new stake in Everbridge during the first quarter valued at $108,000. Fortaleza Asset Management Inc. acquired a new stake in Everbridge during the second quarter valued at $166,000. Nationwide Fund Advisors boosted its stake in Everbridge by 210.1% in the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after buying an additional 6,497 shares during the period. Finally, Teachers Advisors LLC acquired a new stake in Everbridge during the fourth quarter valued at $180,000. Institutional investors and hedge funds own 38.46% of the company’s stock.
EVBG has been the subject of a number of analyst reports. Zacks Investment Research downgraded Everbridge from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Canaccord Genuity raised their price objective on Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. KeyCorp restated a “buy” rating and set a $27.00 price objective on shares of Everbridge in a research report on Friday, August 4th. SunTrust Banks, Inc. initiated coverage on Everbridge in a research report on Monday, June 26th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Bank of America Corporation raised their price objective on Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. The company currently has a consensus 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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