Everbridge Inc (EVBG) President Robert W. Hughes Sells 5,784 Shares of Stock

Everbridge Inc (NASDAQ:EVBG) President Robert W. Hughes sold 5,784 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $47.70, for a total value of $275,896.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EVBG stock traded up $0.69 during midday trading on Thursday, hitting $52.29. The stock had a trading volume of 16,261 shares, compared to its average volume of 308,203. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -91.74 and a beta of 0.96. Everbridge Inc has a 52-week low of $21.56 and a 52-week high of $52.35. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.50.

Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, May 7th. The technology company reported ($0.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.03. Everbridge had a negative return on equity of 42.59% and a negative net margin of 23.01%. The business had revenue of $30.52 million for the quarter, compared to the consensus estimate of $29.61 million. During the same period in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. equities research analysts expect that Everbridge Inc will post -1.39 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC bought a new stake in Everbridge in the first quarter worth $256,000. Teacher Retirement System of Texas bought a new stake in Everbridge in the fourth quarter worth $234,000. UBS Asset Management Americas Inc. bought a new stake in Everbridge in the fourth quarter worth $247,000. MetLife Investment Advisors LLC bought a new stake in Everbridge in the fourth quarter worth $248,000. Finally, Barclays PLC boosted its holdings in Everbridge by 91.3% in the first quarter. Barclays PLC now owns 9,626 shares of the technology company’s stock worth $353,000 after acquiring an additional 4,594 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have commented on EVBG. Needham & Company LLC lifted their price target on Everbridge to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, May 8th. William Blair reaffirmed a “buy” rating on shares of Everbridge in a research note on Thursday, February 15th. KeyCorp reaffirmed a “buy” rating and issued a $39.00 price target (up from $37.00) on shares of Everbridge in a research note on Wednesday, February 21st. Credit Suisse Group upped their price target on Everbridge from $38.00 to $46.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 8th. Finally, BidaskClub raised Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 11th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Everbridge currently has a consensus rating of “Buy” and a consensus target price of $43.50.

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.

Insider Buying and Selling by Quarter for Everbridge (NASDAQ:EVBG)

Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit