Jaime Wallace Ellertson Sells 381,607 Shares of Everbridge Inc (EVBG) Stock

Everbridge Inc (NASDAQ:EVBG) CEO Jaime Wallace Ellertson sold 381,607 shares of the company’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $49.55, for a total transaction of $18,908,626.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jaime Wallace Ellertson also recently made the following trade(s):

  • On Tuesday, June 19th, Jaime Wallace Ellertson sold 219,349 shares of Everbridge stock. The shares were sold at an average price of $51.33, for a total transaction of $11,259,184.17.

Everbridge traded down $1.24, hitting $47.35, during trading hours on Friday, MarketBeat Ratings reports. 1,514,200 shares of the stock were exchanged, compared to its average volume of 332,621. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -83.07 and a beta of 0.96. Everbridge Inc has a 12 month low of $21.56 and a 12 month high of $53.42.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, May 7th. The technology company reported ($0.17) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. The firm had revenue of $30.52 million for the quarter, compared to analysts’ expectations of $29.61 million. Everbridge had a negative net margin of 23.01% and a negative return on equity of 42.59%. The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) earnings per share. equities research analysts predict that Everbridge Inc will post -1.39 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas bought a new stake in Everbridge during the fourth quarter worth about $234,000. UBS Asset Management Americas Inc. acquired a new position in shares of Everbridge during the fourth quarter worth approximately $247,000. MetLife Investment Advisors LLC acquired a new position in shares of Everbridge during the fourth quarter worth approximately $248,000. Needham Investment Management LLC acquired a new position in shares of Everbridge during the first quarter worth approximately $256,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Everbridge during the fourth quarter worth approximately $297,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on EVBG shares. Needham & Company LLC upped their target price on shares of Everbridge to $60.00 in a research note on Friday, June 15th. ValuEngine raised shares of Everbridge from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Canaccord Genuity upped their target price on shares of Everbridge from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Bank of America reaffirmed a “buy” rating and set a $38.00 price objective (up from $30.00) on shares of Everbridge in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $38.00 price objective (up from $33.00) on shares of Everbridge in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $46.30.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management, which enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

Insider Buying and Selling by Quarter for Everbridge (NASDAQ:EVBG)

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