Everbridge Inc (NASDAQ:EVBG) CFO Kenneth S. Goldman sold 10,326 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $29.51, for a total transaction of $304,720.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Everbridge Inc (NASDAQ EVBG) traded up $0.30 during midday trading on Friday, hitting $29.77. 389,300 shares of the company were exchanged, compared to its average volume of 340,300. The stock has a market cap of $835.21 and a P/E ratio of -49.62. Everbridge Inc has a 1 year low of $16.63 and a 1 year high of $30.23.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, November 6th. The technology company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $27.31 million for the quarter, compared to the consensus estimate of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The company’s revenue was up 37.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) EPS. analysts expect that Everbridge Inc will post -0.55 earnings per share for the current year.
A number of equities research analysts have commented on the stock. KeyCorp reissued a “buy” rating and issued a $27.00 price objective on shares of Everbridge in a research report on Sunday, September 10th. Northland Securities reissued an “outperform” rating and issued a $31.00 price objective (up from $28.00) on shares of Everbridge in a research report on Friday, October 13th. Canaccord Genuity reissued a “buy” rating and issued a $33.00 price objective (up from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th. ValuEngine raised shares of Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Finally, William Blair reissued a “buy” rating on shares of Everbridge in a research report on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $31.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its position in shares of Everbridge by 196.3% in the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after buying an additional 2,885 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Everbridge by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock valued at $1,743,000 after buying an additional 3,499 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Everbridge by 21.5% in the 2nd quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock valued at $818,000 after buying an additional 5,946 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Everbridge by 77.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock valued at $345,000 after buying an additional 6,177 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Everbridge by 210.1% in the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after buying an additional 6,497 shares during the last quarter. 65.40% of the stock is currently owned by hedge funds and other institutional investors.
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.
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.