Everbridge (NASDAQ:EVBG) CFO Kenneth S. Goldman sold 815 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $37.67, for a total value of $30,701.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of EVBG opened at $38.26 on Wednesday. Everbridge has a 1 year low of $21.07 and a 1 year high of $39.12. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $1,066.93, a PE ratio of -67.12 and a beta of 0.70.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported ($0.02) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.02). The business had revenue of $29.18 million for the quarter, compared to analyst estimates of $28.49 million. Everbridge had a negative return on equity of 33.84% and a negative net margin of 18.82%. Everbridge’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.03) EPS. equities research analysts expect that Everbridge will post -1.43 earnings per share for the current year.
A number of brokerages have recently issued reports on EVBG. KeyCorp reissued a “buy” rating and issued a $37.00 target price (up from $30.00) on shares of Everbridge in a report on Wednesday, January 17th. William Blair reissued a “buy” rating on shares of Everbridge in a report on Thursday, February 15th. Credit Suisse Group increased their target price on Everbridge from $30.00 to $37.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. BidaskClub raised Everbridge from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $38.00 target price (up from $33.00) on shares of Everbridge in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Everbridge presently has an average rating of “Buy” and an average target price of $36.56.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVBG. Janus Henderson Group PLC bought a new stake in Everbridge during the 3rd quarter worth approximately $16,417,000. Garelick Capital Partners LP grew its position in Everbridge by 138.3% during the 4th quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock worth $28,318,000 after acquiring an additional 552,958 shares during the last quarter. Fred Alger Management Inc. grew its position in Everbridge by 40.1% during the 4th quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock worth $49,489,000 after acquiring an additional 476,782 shares during the last quarter. BlackRock Inc. grew its position in Everbridge by 29.0% during the 4th quarter. BlackRock Inc. now owns 1,158,361 shares of the technology company’s stock worth $34,426,000 after acquiring an additional 260,224 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in Everbridge by 206.4% during the 4th quarter. Two Sigma Investments LP now owns 297,374 shares of the technology company’s stock worth $8,838,000 after acquiring an additional 200,310 shares during the last quarter. Institutional investors and hedge funds own 79.29% of the company’s stock.
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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