Cintawati W. Putra Sells 58,000 Shares of Everbridge, Inc. (EVBG) Stock

Everbridge, Inc. (NASDAQ:EVBG) Director Cintawati W. Putra sold 58,000 shares of the stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $23.72, for a total transaction of $1,375,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Everbridge, Inc. (NASDAQ EVBG) opened at 23.48 on Friday. The stock’s market capitalization is $654.20 million. The firm’s 50-day moving average is $23.96 and its 200 day moving average is $21.71. Everbridge, Inc. has a 12 month low of $11.76 and a 12 month high of $26.87.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, May 8th. The technology company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.02. The company had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.09 million. The company’s revenue was up 33.3% compared to the same quarter last year. On average, equities analysts anticipate that Everbridge, Inc. will post ($0.30) earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. American International Group Inc. acquired a new stake in Everbridge during the first quarter valued at $108,000. Teachers Advisors LLC acquired a new stake in Everbridge during the fourth quarter valued at $180,000. US Bancorp DE acquired a new stake in Everbridge during the second quarter valued at $292,000. Parametric Portfolio Associates LLC boosted its stake in Everbridge by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock valued at $404,000 after buying an additional 1,199 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Everbridge by 45.9% in the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock valued at $435,000 after buying an additional 6,672 shares in the last quarter. 36.13% of the stock is owned by institutional investors.

A number of research firms recently commented on EVBG. SunTrust Banks, Inc. began coverage on shares of Everbridge in a research report on Monday, June 26th. They issued a “buy” rating and a $32.00 target price on the stock. Zacks Investment Research raised shares of Everbridge from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research report on Monday, May 1st. Bank of America Corporation raised their price objective on shares of Everbridge from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective (up from $25.00) on shares of Everbridge in a research report on Tuesday, May 9th. Finally, Pacific Crest reissued a “buy” rating on shares of Everbridge in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $24.20.

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.