Everbridge, Inc. (NASDAQ:EVBG) Director Bruns H. Grayson sold 10,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $22.07, for a total value of $220,700.00. Following the completion of the sale, the director now owns 26,082 shares of the company’s stock, valued at $575,629.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Everbridge, Inc. (NASDAQ:EVBG) opened at 22.715 on Friday. Everbridge, Inc. has a 52 week low of $11.76 and a 52 week high of $26.87. The stock has a 50 day moving average price of $23.44 and a 200 day moving average price of $22.01. The stock’s market capitalization is $633.23 million.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The firm 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%. Everbridge’s revenue for the quarter was up 34.4% on a year-over-year basis. Equities analysts forecast that Everbridge, Inc. will post ($0.28) EPS for the current year.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday. Canaccord Genuity increased their price target on Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 4th. KeyCorp reiterated a “buy” rating and issued a $27.00 price target on shares of Everbridge in a research note on Friday, August 4th. SunTrust Banks, Inc. assumed coverage on Everbridge in a research note on Monday, June 26th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Bank of America Corporation increased their price target on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $25.60.
Hedge funds have recently made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Everbridge by 13.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 714,858 shares of the technology company’s stock worth $17,414,000 after buying an additional 85,932 shares during the period. Vanguard Group Inc. boosted its stake in shares of Everbridge by 115.8% in the second quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after buying an additional 373,899 shares during the period. Nicholas Investment Partners LP boosted its stake in shares of Everbridge by 20.8% in the second quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock worth $10,626,000 after buying an additional 75,076 shares during the period. Pier Capital LLC boosted its stake in shares of Everbridge by 26.1% in the first quarter. Pier Capital LLC now owns 304,327 shares of the technology company’s stock worth $6,248,000 after buying an additional 63,006 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Everbridge by 18.8% in the second quarter. Ameriprise Financial Inc. now owns 298,761 shares of the technology company’s stock worth $7,277,000 after buying an additional 47,178 shares during the period. 37.60% of the stock is owned by hedge funds and other institutional investors.
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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