Everbridge Inc (NASDAQ:EVBG) SVP Elliot J. Mark sold 3,500 shares of Everbridge stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $29.78, for a total value of $104,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Everbridge Inc (EVBG) opened at $32.24 on Friday. Everbridge Inc has a 1 year low of $16.63 and a 1 year high of $32.25. The stock has a market capitalization of $897.37, a PE ratio of -53.73 and a beta of 1.99.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. 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 business earned ($0.07) earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. analysts anticipate that Everbridge Inc will post -0.55 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on EVBG shares. Credit Suisse Group reaffirmed an “outperform” rating and issued a $30.00 price objective (up previously from $26.50) on shares of Everbridge in a research report on Friday, November 17th. BidaskClub downgraded Everbridge from a “hold” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, November 10th. Northland Securities reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Everbridge in a research report on Friday, November 10th. Finally, William Blair reaffirmed a “buy” rating on shares of Everbridge in a research report on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. Everbridge currently has an average rating of “Buy” and an average target price of $31.33.
Hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its position in Everbridge by 196.3% during the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after acquiring an additional 2,885 shares during the period. Nationwide Fund Advisors lifted its stake in shares of Everbridge by 210.1% during the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after purchasing an additional 6,497 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Everbridge during the second quarter worth about $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Everbridge during the third quarter worth about $329,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Everbridge during the second quarter worth about $331,000. 65.40% 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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