Kenneth S. Goldman Sells 815 Shares of Everbridge (EVBG) Stock

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.

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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.

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About Everbridge

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.

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

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