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.
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