Elliot J. Mark Sells 1,000 Shares of Everbridge, Inc. (EVBG) Stock

Everbridge, Inc. (NASDAQ:EVBG) SVP Elliot J. Mark sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $22.79, for a total transaction of $22,790.00. Following the sale, the senior vice president now directly owns 1,018 shares of the company’s stock, valued at approximately $23,200.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Everbridge, Inc. (EVBG) traded up 1.06% during trading on Friday, reaching $22.81. The company had a trading volume of 134,561 shares. The stock has a 50 day moving average price of $23.15 and a 200 day moving average price of $22.11. The firm’s market capitalization is $640.85 million. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $26.87.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data 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 business had revenue of $25 million for the quarter, compared to analysts’ expectations of $24.49 million. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. On average, equities research analysts forecast that Everbridge, Inc. will post ($0.28) EPS for the current year.

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EVBG has been the subject of a number of recent analyst reports. KeyCorp reissued a “buy” rating and set a $27.00 price target on shares of Everbridge in a research report on Friday, August 4th. Canaccord Genuity raised their price target on shares of Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Pacific Crest reissued a “buy” rating on shares of Everbridge in a research report on Tuesday, May 9th. Zacks Investment Research downgraded shares of Everbridge from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $27.00 price target (up previously from $22.00) on shares of Everbridge in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating to the company’s stock. Everbridge presently has an average rating of “Buy” and an average target price of $25.60.

Several hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after buying an additional 2,885 shares in the last quarter. American International Group Inc. purchased a new stake in Everbridge during the first quarter worth about $108,000. Fortaleza Asset Management Inc. purchased a new stake in Everbridge during the second quarter worth about $166,000. Teachers Advisors LLC purchased a new stake in Everbridge during the fourth quarter worth about $180,000. Finally, Nationwide Fund Advisors boosted its stake in Everbridge by 210.1% in the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after buying an additional 6,497 shares in the last quarter. Institutional investors and hedge funds own 38.46% of the company’s stock.

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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