Everbridge, Inc. (NASDAQ:EVBG) SVP Scott Burnett sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $27.35, for a total transaction of $35,555.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Scott Burnett also recently made the following trade(s):
- On Monday, October 16th, Scott Burnett sold 9,000 shares of Everbridge stock. The shares were sold at an average price of $26.91, for a total transaction of $242,190.00.
- On Friday, September 15th, Scott Burnett sold 8,695 shares of Everbridge stock. The shares were sold at an average price of $23.38, for a total transaction of $203,289.10.
Everbridge, Inc. (NASDAQ EVBG) traded down $0.43 on Friday, hitting $26.07. 486,409 shares of the company’s stock were exchanged, compared to its average volume of 227,757. Everbridge, Inc. has a fifty-two week low of $14.26 and a fifty-two week high of $29.99.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The business had revenue of $27.31 million during the quarter, compared to analyst estimates 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 in the prior year, the business posted ($0.07) earnings per share. sell-side analysts anticipate that Everbridge, Inc. will post -0.55 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the business. Granahan Investment Management Inc. MA bought a new position in shares of Everbridge in the third quarter worth approximately $5,296,000. Gagnon Securities LLC boosted its position in shares of Everbridge by 45.2% in the third quarter. Gagnon Securities LLC now owns 317,971 shares of the technology company’s stock worth $8,401,000 after purchasing an additional 98,912 shares during the period. Janus Henderson Group PLC bought a new position in shares of Everbridge in the third quarter worth approximately $16,417,000. Nicholas Investment Partners LP boosted its position in shares of Everbridge by 21.7% in the third quarter. Nicholas Investment Partners LP now owns 530,969 shares of the technology company’s stock worth $14,028,000 after purchasing an additional 94,790 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Everbridge by 5.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock worth $1,743,000 after purchasing an additional 3,499 shares during the period. Institutional investors and hedge funds own 54.44% of the company’s stock.
EVBG has been the subject of a number of research reports. Zacks Investment Research cut shares of Everbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Credit Suisse Group upped their target price on shares of Everbridge from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, November 7th. Northland Securities initiated coverage on shares of Everbridge in a report on Wednesday, August 30th. They set an “outperform” rating and a $28.00 target price for the company. Stifel Nicolaus upped their target price on shares of Everbridge from $27.00 to $30.00 and gave the company a “buy” rating in a report on Monday, September 18th. Finally, William Blair reaffirmed a “buy” rating on shares of Everbridge in a report on Monday, September 25th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently 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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