Everbridge, Inc. (EVBG) SVP Sells $242,190.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Scott Burnett sold 9,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.91, for a total transaction of $242,190.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Scott Burnett also recently made the following trade(s):
- On Friday, September 15th, Scott Burnett sold 8,695 shares of Everbridge stock. The shares were sold at an average price of $23.38, for a total transaction of $203,289.10.
- On Friday, August 4th, Scott Burnett sold 800 shares of Everbridge stock. The shares were sold at an average price of $24.08, for a total transaction of $19,264.00.
- On Tuesday, July 25th, Scott Burnett sold 200 shares of Everbridge stock. The shares were sold at an average price of $24.00, for a total transaction of $4,800.00.
Everbridge, Inc. (NASDAQ:EVBG) traded up 0.26% during midday trading on Wednesday, hitting $26.84. 84,488 shares of the company traded hands. Everbridge, Inc. has a 12-month low of $12.92 and a 12-month high of $27.50. The stock’s 50-day moving average price is $25.65 and its 200 day moving average price is $25.65. The company’s market capitalization is $754.07 million.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $25.00 million during 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%. The business’s revenue was up 34.4% compared to the same quarter last year. On average, equities analysts forecast that Everbridge, Inc. will post ($0.28) EPS for the current year.
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EVBG has been the subject of several research reports. Stifel Nicolaus increased their target price on shares of Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Monday, September 18th. KeyCorp reiterated a “buy” rating and issued a $27.00 target price on shares of Everbridge in a research note on Sunday, September 10th. Canaccord Genuity increased their target price on shares of Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 4th. SunTrust Banks, Inc. initiated coverage on shares of Everbridge in a research note on Monday, June 26th. They issued a “buy” rating and a $32.00 target price for the company. Finally, William Blair reiterated a “buy” rating on shares of Everbridge in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $29.14.
A number of hedge funds and other institutional investors have recently bought and sold shares of EVBG. Teachers Advisors LLC bought a new stake in Everbridge in the 4th quarter valued at about $180,000. Wells Fargo & Company MN boosted its holdings in Everbridge by 404.7% in the 1st quarter. Wells Fargo & Company MN now owns 27,652 shares of the technology company’s stock valued at $568,000 after purchasing an additional 22,173 shares during the period. Bank of New York Mellon Corp boosted its holdings in 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 valued at $2,432,000 after purchasing an additional 325 shares during the period. Ameriprise Financial Inc. bought a new stake in Everbridge in the 1st quarter valued at about $5,165,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in Everbridge by 6.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock valued at $404,000 after purchasing an additional 1,199 shares during the period. 51.02% of the stock is owned by hedge funds and other 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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