Everbridge Inc (NASDAQ:EVBG) SVP Elliot J. Mark sold 3,500 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.78, for a total transaction of $104,230.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Everbridge Inc (NASDAQ:EVBG) traded up $0.56 during midday trading on Friday, reaching $33.51. 128,891 shares of the company’s stock traded hands, compared to its average volume of 265,937. The company has a market capitalization of $930.99, a P/E ratio of -55.85 and a beta of 1.99. Everbridge Inc has a twelve month low of $16.63 and a twelve month high of $33.85.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $27.31 million during the quarter, compared to the consensus estimate of $26.41 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. equities research analysts predict that Everbridge Inc will post -0.55 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of 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 in the last quarter. Nationwide Fund Advisors raised 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 valued at $234,000 after acquiring an additional 6,497 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Everbridge during the second quarter valued at approximately $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Everbridge during the third quarter valued at approximately $329,000. Finally, Alliancebernstein L.P. bought a new stake in shares of Everbridge during the second quarter valued at approximately $331,000. 65.98% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on EVBG shares. Zacks Investment Research downgraded shares of Everbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Northland Securities reaffirmed an “outperform” rating and issued a $31.00 price target (up previously from $28.00) on shares of Everbridge in a report on Friday, October 13th. Needham & Company LLC increased their price target on shares of Everbridge from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Canaccord Genuity reaffirmed a “buy” rating and issued a $33.00 price target (up previously from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. Finally, KeyCorp raised their price objective on shares of Everbridge from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $32.11.
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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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