Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $23.69, for a total transaction of $23,690.00. Following the sale, the senior vice president now owns 1,018 shares in the company, valued at $24,116.42. The sale was disclosed in a filing with the SEC, which is available at this link.
Everbridge, Inc. (NASDAQ EVBG) traded up 4.533% during midday trading on Friday, hitting $22.715. 231,687 shares of the stock traded hands. The company’s market cap is $633.23 million. The firm’s 50-day moving average is $23.49 and its 200-day moving average is $21.98. Everbridge, Inc. has a 52-week low of $11.76 and a 52-week high of $26.87.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. The company had revenue of $25 million during the quarter, compared to analysts’ expectations of $24.49 million. Everbridge had a negative return on equity of 27.23% and a negative net margin of 16.72%. The company’s quarterly revenue was up 34.4% on a year-over-year basis. Analysts predict that Everbridge, Inc. will post ($0.28) EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Everbridge during the fourth quarter worth about $529,000. State Street Corp bought a new position in Everbridge during the fourth quarter worth about $1,490,000. Putnam Investments LLC raised its position in Everbridge by 30.6% in the fourth quarter. Putnam Investments LLC now owns 106,231 shares of the technology company’s stock worth $1,960,000 after buying an additional 24,893 shares during the last quarter. Teachers Advisors LLC bought a new position in Everbridge during the fourth quarter worth about $180,000. Finally, Wells Fargo & Company MN raised its position in Everbridge by 404.7% in the first quarter. Wells Fargo & Company MN now owns 27,652 shares of the technology company’s stock worth $568,000 after buying an additional 22,173 shares during the last quarter. 37.60% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on EVBG. KeyCorp reaffirmed a “buy” rating and set a $27.00 target price on shares of Everbridge in a report on Friday, August 4th. Zacks Investment Research lowered shares of Everbridge from a “hold” rating to a “sell” rating in a report on Wednesday. Canaccord Genuity increased their price target on shares of Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price (up previously from $25.00) on shares of Everbridge in a report on Tuesday, May 9th. Finally, Bank of America Corporation increased their target price on shares of Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $25.60.
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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