Everbridge, Inc. (NASDAQ:EVBG) CEO Jaime Wallace Ellertson sold 97,500 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $26.43, for a total value of $2,576,925.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Everbridge, Inc. (NASDAQ:EVBG) opened at $27.15 on Friday. Everbridge, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $29.99.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $27.31 million for the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. Everbridge’s revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. analysts anticipate that Everbridge, Inc. will post -0.55 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in EVBG. Janus Henderson Group PLC acquired a new position in Everbridge during the third quarter worth about $16,417,000. Lord Abbett & CO. LLC acquired a new position in shares of Everbridge in the 2nd quarter valued at $11,771,000. Hood River Capital Management LLC acquired a new position in shares of Everbridge in the 3rd quarter valued at $12,288,000. Vanguard Group Inc. boosted its position in Everbridge by 115.8% during the 2nd quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after acquiring an additional 373,899 shares during the period. Finally, Voya Investment Management LLC acquired a new stake in Everbridge during the 2nd quarter worth about $8,364,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on EVBG. Northland Securities reissued a “buy” rating and set a $33.00 price target on shares of Everbridge in a report on Friday, November 10th. Zacks Investment Research raised Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, November 10th. Credit Suisse Group reissued an “outperform” rating and set a $30.00 price target (up from $26.50) on shares of Everbridge in a report on Friday, November 17th. KeyCorp raised their price target on Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity reissued a “buy” rating and set a $33.00 price target (up from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $31.00.
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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