Scott Burnett Sells 1,300 Shares of Everbridge, Inc. (EVBG) Stock
Everbridge, Inc. (NASDAQ:EVBG) SVP Scott Burnett sold 1,300 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $27.35, for a total transaction of $35,555.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Scott Burnett also recently made the following trade(s):
- On Monday, October 16th, Scott Burnett sold 9,000 shares of Everbridge stock. The shares were sold at an average price of $26.91, for a total transaction of $242,190.00.
- 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.
Shares of Everbridge, Inc. (NASDAQ:EVBG) traded down $0.43 during trading hours on Friday, reaching $26.07. 486,409 shares of the company were exchanged, compared to its average volume of 227,757. Everbridge, Inc. has a 12-month low of $14.26 and a 12-month high of $29.99.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $27.31 million during the quarter, compared to analysts’ expectations of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. Everbridge’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.07) EPS. analysts forecast that Everbridge, Inc. will post -0.55 earnings per share for the current year.
Several research analysts have recently issued reports on EVBG shares. Canaccord Genuity restated a “buy” rating and issued a $33.00 target price (up previously from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. Needham & Company LLC upped their target price on shares of Everbridge from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Stifel Nicolaus upped their target price on shares of Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a report on Monday, September 18th. KeyCorp reiterated a “buy” rating and set a $27.00 price target on shares of Everbridge in a research note on Sunday, September 10th. 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 hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $31.00.
Institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. purchased a new position in Everbridge during the 2nd quarter worth $2,706,000. Nicholas Investment Partners LP raised its position in Everbridge by 20.8% during the 2nd quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock worth $10,626,000 after buying an additional 75,076 shares during the last quarter. Vanguard Group Inc. raised its position in Everbridge by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock worth $6,631,000 after buying an additional 33,665 shares during the last quarter. Bank of New York Mellon Corp raised its position in Everbridge by 67.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock worth $4,840,000 after buying an additional 80,245 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Everbridge during the 2nd quarter worth $288,000. Institutional investors own 54.44% of the company’s stock.
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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