Everbridge, Inc. (EVBG) SVP Elliot J. Mark Sells 2,500 Shares of Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 2,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $26.81, for a total transaction of $67,025.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Everbridge, Inc. (NASDAQ EVBG) traded down 1.093% during trading on Thursday, reaching $26.705. 143,069 shares of the company’s stock were exchanged. The company has a 50 day moving average of $25.17 and a 200 day moving average of $25.17. The stock’s market cap is $750.28 million. Everbridge, Inc. has a 12-month low of $12.92 and a 12-month high of $27.51.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $25.00 million for the quarter, compared to the consensus estimate of $24.49 million. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. Everbridge’s revenue for the quarter was up 34.4% compared to the same quarter last year. Equities research analysts anticipate that Everbridge, Inc. will post ($0.28) EPS for the current year.
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A number of equities analysts have commented on EVBG shares. KeyCorp restated a “buy” rating and issued a $27.00 target price on shares of Everbridge in a research note on Friday, August 4th. Stifel Nicolaus upped their target price on shares of Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Canaccord Genuity upped their target price on shares of Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. William Blair restated a “buy” rating on shares of Everbridge in a research note on Monday, September 25th. Finally, Zacks Investment Research downgraded shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.10.
Institutional investors have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. purchased a new stake in shares of Everbridge in the 2nd quarter valued at approximately $2,706,000. Nicholas Investment Partners LP raised its stake in shares of Everbridge by 20.8% in the 2nd quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock valued at $10,626,000 after acquiring an additional 75,076 shares during the period. Teachers Advisors LLC purchased a new stake in shares of Everbridge in the 4th quarter valued at approximately $180,000. Driehaus Capital Management LLC purchased a new stake in shares of Everbridge in the 1st quarter valued at approximately $3,670,000. Finally, Vanguard Group Inc. raised its stake in shares of Everbridge by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock valued at $6,631,000 after acquiring an additional 33,665 shares during the period. 51.22% of the stock is currently owned by institutional investors and hedge funds.
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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