Everbridge Inc (NASDAQ:EVBG) CEO Jaime Wallace Ellertson sold 219,349 shares of the company’s stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $51.33, for a total transaction of $11,259,184.17. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Everbridge traded down $1.26, reaching $50.14, during mid-day trading on Tuesday, MarketBeat.com reports. The company’s stock had a trading volume of 651,900 shares, compared to its average volume of 317,712. Everbridge Inc has a 1-year low of $21.56 and a 1-year high of $53.42. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -87.96 and a beta of 0.96. The company has a debt-to-equity ratio of 1.50, a quick ratio of 2.03 and a current ratio of 2.03.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, May 7th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.03. Everbridge had a negative net margin of 23.01% and a negative return on equity of 42.59%. The company had revenue of $30.52 million during the quarter, compared to analysts’ expectations of $29.61 million. During the same quarter in the prior year, the company posted ($0.15) EPS. The business’s revenue was up 33.6% on a year-over-year basis. sell-side analysts predict that Everbridge Inc will post -1.39 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in EVBG. Garelick Capital Partners LP raised its stake in shares of Everbridge by 138.3% in the 4th quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock valued at $28,318,000 after buying an additional 552,958 shares in the last quarter. Fred Alger Management Inc. raised its stake in shares of Everbridge by 40.1% in the 4th quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock valued at $49,489,000 after buying an additional 476,782 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Everbridge in the 1st quarter valued at $9,720,000. BlackRock Inc. raised its stake in shares of Everbridge by 29.0% in the 4th quarter. BlackRock Inc. now owns 1,158,361 shares of the technology company’s stock valued at $34,426,000 after buying an additional 260,224 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Everbridge by 22.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,315,241 shares of the technology company’s stock valued at $48,138,000 after buying an additional 244,438 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.
Several equities analysts recently commented on the stock. Needham & Company LLC upped their target price on shares of Everbridge to $46.00 and gave the company a “buy” rating in a research note on Tuesday, May 8th. KeyCorp reiterated a “buy” rating and set a $39.00 target price (up from $37.00) on shares of Everbridge in a research note on Wednesday, February 21st. Credit Suisse Group upped their target price on shares of Everbridge from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday, May 8th. BidaskClub upgraded shares of Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 11th. Finally, Northland Securities reiterated an “outperform” rating and set a $43.00 target price (up from $37.00) on shares of Everbridge in a research note on Tuesday, April 24th. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Everbridge has a consensus rating of “Buy” and a consensus price target of $46.30.
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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