Gary R. Phillips Sells 7,778 Shares of Everbridge, Inc. (EVBG) Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Gary R. Phillips sold 7,778 shares of Everbridge stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $22.88, for a total value of $177,960.64. Following the transaction, the senior vice president now owns 1,045 shares of the company’s stock, valued at approximately $23,909.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Everbridge, Inc. (EVBG) opened at 22.26 on Friday. The stock’s market cap is $625.39 million. Everbridge, Inc. has a 1-year low of $11.76 and a 1-year high of $26.87. The stock has a 50 day moving average price of $22.85 and a 200 day moving average price of $22.53.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25 million during the quarter, compared to analysts’ expectations of $24.49 million. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The company’s revenue was up 34.4% compared to the same quarter last year. On average, analysts predict that Everbridge, Inc. will post ($0.28) EPS for the current fiscal year.
EVBG has been the subject of a number of recent research reports. SunTrust Banks, Inc. initiated coverage on Everbridge in a research note on Monday, June 26th. They set a “buy” rating and a $32.00 price objective for the company. KeyCorp reiterated a “buy” rating and set a $27.00 price objective on shares of Everbridge in a research note on Friday, August 4th. Canaccord Genuity lifted their price objective on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research cut Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Northland Securities initiated coverage on Everbridge in a research note on Wednesday, August 30th. They set an “outperform” rating and a $28.00 price objective for the company. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $25.82.
Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Everbridge by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock worth $2,432,000 after purchasing an additional 325 shares in the last quarter. Gradient Investments LLC boosted its position in shares of Everbridge by 3.3% in the 2nd quarter. Gradient Investments LLC now owns 18,017 shares of the technology company’s stock worth $439,000 after purchasing an additional 576 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Everbridge by 6.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock worth $404,000 after purchasing an additional 1,199 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Everbridge by 196.3% in the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,885 shares in the last quarter. Finally, American International Group Inc. acquired a new stake in shares of Everbridge in the 1st quarter worth $108,000. 51.22% of the stock is owned by hedge funds and other institutional investors.
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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