Insider Selling: Everbridge, Inc. (EVBG) CEO Sells $2,576,925.00 in Stock
Everbridge, Inc. (NASDAQ:EVBG) CEO Jaime Wallace Ellertson sold 97,500 shares of Everbridge stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $26.43, for a total transaction of $2,576,925.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Everbridge, Inc. (NASDAQ:EVBG) opened at $26.27 on Friday. Everbridge, Inc. has a 1 year low of $15.01 and a 1 year high of $29.99.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The firm had revenue of $27.31 million during the quarter, compared to the consensus estimate of $26.41 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. equities analysts expect that Everbridge, Inc. will post -0.55 earnings per share for the current year.
Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC bought a new position in Everbridge in the 3rd quarter worth $16,417,000. Lord Abbett & CO. LLC bought a new position in Everbridge in the 2nd quarter worth $11,771,000. Hood River Capital Management LLC bought a new position in Everbridge in the 3rd quarter worth $12,288,000. Vanguard Group Inc. boosted its holdings in Everbridge by 115.8% in the 2nd quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after buying an additional 373,899 shares during the period. Finally, Voya Investment Management LLC bought a new position in Everbridge in the 2nd quarter worth $8,364,000. 65.44% of the stock is owned by hedge funds and other institutional investors.
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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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