Imad Mouline Sells 3,000 Shares of Everbridge Inc (EVBG) Stock

Everbridge Inc (NASDAQ:EVBG) SVP Imad Mouline sold 3,000 shares of Everbridge stock in a transaction on Monday, April 15th. The shares were sold at an average price of $72.54, for a total transaction of $217,620.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Imad Mouline also recently made the following trade(s):

  • On Tuesday, May 7th, Imad Mouline sold 5,000 shares of Everbridge stock. The shares were sold at an average price of $77.50, for a total transaction of $387,500.00.
  • On Tuesday, March 19th, Imad Mouline sold 5,000 shares of Everbridge stock. The shares were sold at an average price of $75.10, for a total transaction of $375,500.00.
  • On Friday, March 15th, Imad Mouline sold 3,000 shares of Everbridge stock. The stock was sold at an average price of $73.87, for a total transaction of $221,610.00.
  • On Monday, March 11th, Imad Mouline sold 5,000 shares of Everbridge stock. The stock was sold at an average price of $72.82, for a total transaction of $364,100.00.
  • On Friday, February 15th, Imad Mouline sold 3,000 shares of Everbridge stock. The stock was sold at an average price of $64.67, for a total transaction of $194,010.00.

Everbridge stock opened at $77.43 on Friday. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -54.15 and a beta of 0.93. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.35 and a quick ratio of 1.35. Everbridge Inc has a 1 year low of $40.91 and a 1 year high of $79.91.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.09. The company had revenue of $42.82 million during the quarter, compared to analysts’ expectations of $42.23 million. Everbridge had a negative net margin of 32.30% and a negative return on equity of 81.85%. The firm’s quarterly revenue was up 40.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.17) EPS. As a group, research analysts expect that Everbridge Inc will post -1.48 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in EVBG. Rehmann Capital Advisory Group purchased a new stake in Everbridge in the 3rd quarter valued at about $8,153,000. Victory Capital Management Inc. purchased a new stake in shares of Everbridge in the 1st quarter worth approximately $27,484,000. Morgan Stanley lifted its position in shares of Everbridge by 279.2% in the 3rd quarter. Morgan Stanley now owns 356,257 shares of the technology company’s stock worth $20,534,000 after purchasing an additional 262,312 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Everbridge by 89.5% in the 4th quarter. Bank of New York Mellon Corp now owns 539,073 shares of the technology company’s stock worth $30,598,000 after purchasing an additional 254,536 shares during the period. Finally, Polar Capital LLP lifted its position in shares of Everbridge by 52.6% in the 4th quarter. Polar Capital LLP now owns 700,538 shares of the technology company’s stock worth $39,763,000 after purchasing an additional 241,458 shares during the period. 86.44% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on the stock. BidaskClub downgraded shares of Everbridge from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 16th. Zacks Investment Research downgraded shares of Everbridge from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Credit Suisse Group upped their price target on shares of Everbridge from $72.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday. Bank of America reiterated a “buy” rating and set a $85.00 price target (up from $78.00) on shares of Everbridge in a report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $85.00 price target on shares of Everbridge in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Everbridge has an average rating of “Buy” and an average price target of $76.00.

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Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that 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 that 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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