Everbridge, Inc. (NASDAQ:EVBG) SVP Imad Mouline sold 3,493 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $26.45, for a total transaction of $92,389.85. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Everbridge, Inc. (NASDAQ:EVBG) opened at 26.95 on Wednesday. The firm’s market cap is $757.16 million. The firm has a 50-day moving average of $25.49 and a 200 day moving average of $25.49. Everbridge, Inc. has a 52-week low of $12.92 and a 52-week high of $27.50.
Everbridge (NASDAQ:EVBG) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25.00 million during the quarter, compared to the consensus estimate of $24.49 million. Everbridge had a negative return on equity of 26.39% and a negative net margin of 16.72%. The business’s revenue was up 34.4% on a year-over-year basis. On average, equities analysts predict that Everbridge, Inc. will post ($0.28) earnings per share for the current year.
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A number of brokerages recently issued reports on EVBG. ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. SunTrust Banks, Inc. began coverage on shares of Everbridge in a research report on Monday, June 26th. They set a “buy” rating and a $32.00 target price for the company. Zacks Investment Research cut shares of Everbridge from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Northland Securities assumed coverage on shares of Everbridge in a research report on Wednesday, August 30th. They set an “outperform” rating and a $28.00 target price for the company. Finally, William Blair restated a “buy” rating on shares of Everbridge in a research report on Monday, September 25th. 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. The company presently has a consensus rating of “Buy” and a consensus target price of $26.10.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC acquired a new position in Everbridge during the second quarter worth about $11,771,000. Crosslink Capital Inc. raised its stake in Everbridge by 7.8% during the second quarter. Crosslink Capital Inc. now owns 313,193 shares of the technology company’s stock worth $7,629,000 after acquiring an additional 22,597 shares in the last quarter. California State Teachers Retirement System raised its stake in Everbridge by 74.4% during the second quarter. California State Teachers Retirement System now owns 30,000 shares of the technology company’s stock worth $731,000 after acquiring an additional 12,800 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Everbridge by 77.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,172 shares of the technology company’s stock worth $345,000 after acquiring an additional 6,177 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Everbridge during the second quarter worth about $288,000. 51.22% of the stock is 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.