Everbridge, Inc. (NASDAQ:EVBG) Major Shareholder Sells $348,460.06 in Stock
Everbridge, Inc. (NASDAQ:EVBG) major shareholder R William Burgess, Jr. sold 15,494 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $22.49, for a total transaction of $348,460.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Everbridge, Inc. (NASDAQ:EVBG) traded up 4.533% on Friday, reaching $22.715. 231,687 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $23.49 and its 200 day moving average price is $21.98. Everbridge, Inc. has a 52-week low of $11.76 and a 52-week high of $26.87. The firm’s market capitalization is $633.23 million.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $25 million for the quarter, compared to analysts’ expectations of $24.49 million. Everbridge had a negative return on equity of 27.23% and a negative net margin of 16.72%. The company’s quarterly revenue was up 34.4% on a year-over-year basis. On average, analysts predict that Everbridge, Inc. will post ($0.28) EPS for the current fiscal year.
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A number of research firms recently commented on EVBG. Zacks Investment Research lowered shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday. Canaccord Genuity lifted their price target on shares of Everbridge from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. KeyCorp restated a “buy” rating and issued a $27.00 price target on shares of Everbridge in a research report on Friday, August 4th. SunTrust Banks, Inc. started coverage on shares of Everbridge in a research report on Monday, June 26th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Bank of America Corporation lifted their price target 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. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the stock. Everbridge presently has a consensus rating of “Buy” and an average target price of $25.60.
Several large investors have recently added to or reduced their stakes in the company. State Street Corp purchased a new stake in Everbridge during the fourth quarter worth $1,490,000. Teachers Advisors LLC bought a new stake in shares of Everbridge during the fourth quarter worth approximately $180,000. Driehaus Capital Management LLC bought a new stake in shares of Everbridge during the first quarter worth approximately $3,670,000. KAMES CAPITAL plc bought a new stake in shares of Everbridge during the second quarter worth approximately $613,000. Finally, Gradient Investments LLC boosted its stake in shares of Everbridge by 3.3% in the second quarter. Gradient Investments LLC now owns 18,017 shares of the technology company’s stock worth $439,000 after buying an additional 576 shares during the period. Institutional investors and hedge funds own 37.60% of the company’s stock.
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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