Everbridge Inc (NASDAQ:EVBG) SVP Elliot J. Mark sold 958 shares of Everbridge stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $34.78, for a total transaction of $33,319.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Everbridge Inc (NASDAQ:EVBG) traded down $0.24 during mid-day trading on Friday, hitting $36.89. 403,393 shares of the stock traded hands, compared to its average volume of 389,620. The stock has a market capitalization of $1,056.02, a P/E ratio of -52.70 and a beta of 1.42. The company has a quick ratio of 0.95, a current ratio of 2.11 and a debt-to-equity ratio of 1.60. Everbridge Inc has a fifty-two week low of $18.64 and a fifty-two week high of $38.78.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Everbridge had a negative net margin of 18.82% and a negative return on equity of 33.84%. The firm had revenue of $29.18 million for the quarter, compared to analysts’ expectations of $28.49 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The firm’s quarterly revenue was up 37.1% on a year-over-year basis. research analysts forecast that Everbridge Inc will post -1.43 EPS for the current fiscal year.
EVBG has been the subject of a number of analyst reports. BidaskClub raised shares of Everbridge from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Bank of America reissued a “buy” rating and issued a $38.00 price objective (up previously from $30.00) on shares of Everbridge in a research report on Thursday, February 22nd. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price (up from $32.00) on shares of Everbridge in a report on Thursday, February 22nd. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and issued a $38.00 target price (up from $33.00) on shares of Everbridge in a report on Thursday, February 22nd. Finally, KeyCorp restated a “buy” rating and issued a $39.00 target price (up from $37.00) on shares of Everbridge in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.56.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fred Alger Management Inc. grew its position in Everbridge by 40.1% in the 4th quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock valued at $49,489,000 after buying an additional 476,782 shares in the last quarter. BlackRock Inc. grew its position in Everbridge by 29.0% in the 4th quarter. BlackRock Inc. now owns 1,158,361 shares of the technology company’s stock valued at $34,426,000 after buying an additional 260,224 shares in the last quarter. Garelick Capital Partners LP grew its position in Everbridge by 138.3% in the 4th quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock valued at $28,318,000 after buying an additional 552,958 shares in the last quarter. Vanguard Group Inc. grew its position in Everbridge by 115.8% in the 2nd quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock valued at $16,977,000 after buying an additional 373,899 shares in the last quarter. Finally, Driehaus Capital Management LLC grew its position in Everbridge by 41.5% in the 4th quarter. Driehaus Capital Management LLC now owns 633,280 shares of the technology company’s stock valued at $18,821,000 after buying an additional 185,731 shares in the last quarter. Hedge funds and other institutional investors own 80.01% of the company’s stock.
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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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