Insider Selling: Everbridge, Inc. (NASDAQ:EVBG) SVP Sells 800 Shares of Stock

Everbridge, Inc. (NASDAQ:EVBG) SVP Scott Burnett sold 800 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $24.08, for a total transaction of $19,264.00. Following the completion of the transaction, the senior vice president now directly owns 8,894 shares in the company, valued at $214,167.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Scott Burnett also recently made the following trade(s):

  • On Tuesday, July 25th, Scott Burnett sold 200 shares of Everbridge stock. The stock was sold at an average price of $24.00, for a total transaction of $4,800.00.
  • On Tuesday, June 13th, Scott Burnett sold 10,000 shares of Everbridge stock. The stock was sold at an average price of $23.89, for a total transaction of $238,900.00.

Shares of Everbridge, Inc. (NASDAQ EVBG) opened at 22.90 on Friday. The company’s market cap is $643.38 million. The company has a 50 day moving average of $23.09 and a 200 day moving average of $22.14. Everbridge, Inc. has a 1-year low of $11.76 and a 1-year high of $26.87.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $25 million during the quarter, compared to the consensus estimate of $24.49 million. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. Equities analysts expect that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc increased its stake in Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after buying an additional 2,885 shares in the last quarter. American International Group Inc. purchased a new stake in shares of Everbridge during the first quarter worth $108,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Everbridge during the second quarter worth $166,000. Nationwide Fund Advisors increased its stake in shares of Everbridge by 210.1% in the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after buying an additional 6,497 shares during the period. Finally, Teachers Advisors LLC purchased a new stake in shares of Everbridge during the fourth quarter worth $180,000. 38.46% of the stock is owned by hedge funds and other institutional investors.

EVBG has been the subject of a number of recent research reports. SunTrust Banks, Inc. initiated coverage on shares of Everbridge in a report on Monday, June 26th. They issued a “buy” rating and a $32.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $28.00 price target (up from $25.00) on shares of Everbridge in a report on Tuesday, May 9th. Pacific Crest restated a “buy” rating on shares of Everbridge in a report on Tuesday, May 9th. Zacks Investment Research upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a report on Monday, April 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $27.00 price target (up from $22.00) on shares of Everbridge in a report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $25.60.

About Everbridge

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.

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

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