Everbridge Inc (EVBG) CFO Sells $304,720.26 in Stock

Everbridge Inc (NASDAQ:EVBG) CFO Kenneth S. Goldman sold 10,326 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $29.51, for a total transaction of $304,720.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Everbridge Inc (EVBG) traded up $0.87 during trading on Thursday, hitting $31.76. 412,900 shares of the stock were exchanged, compared to its average volume of 373,521. Everbridge Inc has a one year low of $16.63 and a one year high of $31.93. The firm has a market cap of $897.37 and a P/E ratio of -52.93.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The company had revenue of $27.31 million during the quarter, compared to the consensus estimate of $26.41 million. During the same period in the prior year, the business posted ($0.07) EPS. The company’s quarterly revenue was up 37.0% on a year-over-year basis. research analysts expect that Everbridge Inc will post -0.55 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Nicholas Investment Partners LP boosted its stake in shares of Everbridge by 20.8% during the 2nd quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock worth $10,626,000 after buying an additional 75,076 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Everbridge by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock worth $6,631,000 after buying an additional 33,665 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Everbridge by 67.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock valued at $4,840,000 after purchasing an additional 80,245 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Everbridge in the 2nd quarter valued at about $288,000. Finally, Granahan Investment Management Inc. MA acquired a new stake in Everbridge in the 3rd quarter valued at about $5,296,000. Institutional investors own 65.40% of the company’s stock.

EVBG has been the subject of a number of research reports. Northland Securities reiterated a “buy” rating and set a $33.00 target price on shares of Everbridge in a report on Friday, November 10th. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, November 10th. Canaccord Genuity reiterated a “buy” rating and set a $33.00 target price (up previously from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. Needham & Company LLC increased their target price on Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, Stifel Nicolaus increased their target price on Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $31.33.

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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.

Insider Buying and Selling by Quarter for Everbridge (NASDAQ:EVBG)

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