James Totton Sells 20,916 Shares of Everbridge Inc (EVBG) Stock

Everbridge Inc (NASDAQ:EVBG) EVP James Totton sold 20,916 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $62.52, for a total value of $1,307,668.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

James Totton also recently made the following trade(s):

  • On Thursday, January 17th, James Totton sold 3,424 shares of Everbridge stock. The shares were sold at an average price of $54.58, for a total value of $186,881.92.
  • On Monday, December 17th, James Totton sold 749 shares of Everbridge stock. The shares were sold at an average price of $52.71, for a total value of $39,479.79.

NASDAQ EVBG traded down $0.13 during trading hours on Thursday, hitting $62.02. The company’s stock had a trading volume of 167,258 shares, compared to its average volume of 495,295. Everbridge Inc has a 52 week low of $29.56 and a 52 week high of $64.79. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -108.81 and a beta of 0.97. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.46 and a current ratio of 1.46.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, November 5th. The technology company reported ($0.23) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. Everbridge had a negative net margin of 32.34% and a negative return on equity of 70.30%. The business had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $38.09 million. During the same quarter last year, the firm earned ($0.02) EPS. The firm’s revenue for the quarter was up 42.5% compared to the same quarter last year. On average, sell-side analysts predict that Everbridge Inc will post -1.44 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in Everbridge by 281.6% in the 4th quarter. Bank of Montreal Can now owns 706 shares of the technology company’s stock valued at $40,000 after acquiring an additional 521 shares in the last quarter. Quantbot Technologies LP lifted its position in Everbridge by 127.7% in the 3rd quarter. Quantbot Technologies LP now owns 2,332 shares of the technology company’s stock valued at $134,000 after acquiring an additional 1,308 shares in the last quarter. Advisors Asset Management Inc. bought a new position in Everbridge in the 3rd quarter valued at about $210,000. First Hawaiian Bank bought a new position in Everbridge in the 4th quarter valued at about $213,000. Finally, Raymond James Trust N.A. bought a new position in Everbridge in the 3rd quarter valued at about $236,000. 90.87% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Everbridge in a research note on Wednesday. They issued a “neutral” rating and a $69.00 target price for the company. BidaskClub upgraded Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Everbridge from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Stephens assumed coverage on Everbridge in a research note on Thursday, January 3rd. They issued an “overweight” rating and a $70.00 target price for the company. Finally, SunTrust Banks raised their target price on Everbridge to $65.00 and gave the company a “buy” rating in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Everbridge presently has a consensus rating of “Buy” and a consensus target price of $57.15.

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About Everbridge

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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