Everbridge Inc (NASDAQ:EVBG) insider Robert W. Hughes sold 23,700 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $60.68, for a total value of $1,438,116.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

EVBG traded up $1.12 on Friday, hitting $62.29. The company had a trading volume of 11,983 shares, compared to its average volume of 318,432. Everbridge Inc has a 12-month low of $23.14 and a 12-month high of $62.74. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $1.80 billion, a PE ratio of -107.77 and a beta of 1.16.

Everbridge (NASDAQ:EVBG) last posted its earnings results on Monday, August 6th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.04. Everbridge had a negative return on equity of 64.53% and a negative net margin of 31.96%. The company had revenue of $35.80 million for the quarter, compared to analyst estimates of $34.18 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was up 43.2% compared to the same quarter last year. sell-side analysts expect that Everbridge Inc will post -1.54 EPS for the current year.

Several equities analysts have recently commented on EVBG shares. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. KeyCorp raised their price target on Everbridge from $45.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, June 15th. BidaskClub upgraded Everbridge from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. Needham & Company LLC raised their price target on Everbridge to $60.00 in a research note on Friday, June 15th. Finally, Bank of America raised their price target on Everbridge from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, June 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Everbridge presently has a consensus rating of “Buy” and an average price target of $50.56.

A number of institutional investors and hedge funds have recently bought and sold shares of EVBG. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Everbridge by 197.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,170 shares of the technology company’s stock worth $198,000 after acquiring an additional 2,767 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Everbridge in the second quarter worth about $238,000. Teacher Retirement System of Texas acquired a new stake in Everbridge in the second quarter worth about $244,000. Needham Investment Management LLC acquired a new stake in Everbridge in the first quarter worth about $256,000. Finally, Hilltop Holdings Inc. acquired a new stake in Everbridge in the second quarter worth about $267,000. Institutional investors own 89.16% of the company’s stock.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management, which enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

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

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