Everbridge, Inc. (EVBG) SVP Sells $22,790.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.79, for a total transaction of $22,790.00. Following the transaction, the senior vice president now owns 1,018 shares of the company’s stock, valued at $23,200.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Everbridge, Inc. (EVBG) traded down 0.83% during trading on Wednesday, hitting $22.75. 118,502 shares of the stock were exchanged. The company’s market cap is $634.20 million. The firm’s 50-day moving average is $23.26 and its 200 day moving average is $22.11. Everbridge, Inc. has a 1-year low of $11.76 and a 1-year 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 Zacks’ consensus estimate of ($0.08) by $0.03. The company had revenue of $25 million during the quarter, compared to analysts’ expectations of $24.49 million. Everbridge had a negative net margin of 16.72% and a negative return on equity of 27.23%. The business’s revenue was up 34.4% on a year-over-year basis. Equities analysts forecast that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.
Several research firms recently commented on EVBG. SunTrust Banks, Inc. began coverage on shares of Everbridge in a research note on Monday, June 26th. They set a “buy” rating and a $32.00 target price for the company. Zacks Investment Research upgraded shares of Everbridge from a “sell” rating to a “hold” rating and set a $26.00 target price for the company in a research note on Monday, May 1st. KeyCorp reiterated a “buy” rating and set a $27.00 target price on shares of Everbridge in a research note on Friday, August 4th. Bank of America Corporation upped their target price on shares of Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price (up from $25.00) on shares of Everbridge in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. Everbridge presently has an average rating of “Buy” and a consensus target price of $25.60.
Several large investors have recently made changes to their positions in the stock. State Street Corp acquired a new stake in shares of Everbridge during the fourth quarter worth about $1,490,000. Teachers Advisors LLC acquired a new stake in shares of Everbridge during the fourth quarter worth about $180,000. Driehaus Capital Management LLC acquired a new stake in shares of Everbridge during the first quarter worth about $3,670,000. KAMES CAPITAL plc acquired a new stake in shares of Everbridge during the second quarter worth about $613,000. Finally, Gradient Investments LLC boosted its stake 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 worth $439,000 after buying an additional 576 shares during the last quarter. 38.46% of the stock is owned by institutional investors.
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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