Everbridge, Inc. (EVBG) Insider R William Burgess, Jr. Sells 23,244 Shares
Everbridge, Inc. (NASDAQ:EVBG) insider R William Burgess, Jr. sold 23,244 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $22.56, for a total transaction of $524,384.64. Following the transaction, the insider now owns 45,165 shares in the company, valued at $1,018,922.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
R William Burgess, Jr. also recently made the following trade(s):
- On Wednesday, August 9th, R William Burgess, Jr. sold 15,494 shares of Everbridge stock. The stock was sold at an average price of $22.49, for a total transaction of $348,460.06.
Shares of Everbridge, Inc. (NASDAQ:EVBG) traded down 0.35% on Friday, reaching $22.55. 358,332 shares of the company were exchanged. The firm’s market capitalization is $633.54 million. The company’s 50 day moving average is $23.00 and its 200 day moving average is $22.26. Everbridge, Inc. has a 12-month low of $11.76 and a 12-month high of $26.87.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. The firm had revenue of $25 million for the quarter, compared to analysts’ expectations of $24.49 million. The company’s revenue for the quarter was up 34.4% compared to the same quarter last year. Analysts forecast that Everbridge, Inc. will post ($0.28) earnings per share for the current year.
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Several institutional investors have recently modified their holdings of EVBG. Lord Abbett & CO. LLC acquired a new position in shares of Everbridge during the second quarter valued at $11,771,000. Vanguard Group Inc. boosted its position in shares of Everbridge by 115.8% in the second quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock valued at $16,977,000 after buying an additional 373,899 shares during the period. Voya Investment Management LLC acquired a new position in shares of Everbridge during the second quarter valued at $8,364,000. Kennedy Capital Management Inc. acquired a new position in shares of Everbridge during the first quarter valued at $5,478,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Everbridge during the first quarter valued at $5,165,000. Hedge funds and other institutional investors own 38.46% of the company’s stock.
Several research analysts have recently weighed in on the stock. SunTrust Banks, Inc. assumed coverage on shares of Everbridge in a research note on Monday, June 26th. They set a “buy” rating and a $32.00 price objective on the stock. Zacks Investment Research upgraded shares of Everbridge from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Monday, May 1st. KeyCorp restated a “buy” rating and set a $27.00 price objective on shares of Everbridge in a research note on Friday, August 4th. Bank of America Corp boosted their price objective on shares of Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and set a $28.00 price objective (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 issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $25.60.
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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