Robert W. Hughes Sells 12,822 Shares of Everbridge Inc (EVBG) Stock

Everbridge Inc (NASDAQ:EVBG) insider Robert W. Hughes sold 12,822 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $72.45, for a total transaction of $928,953.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ EVBG opened at $77.43 on Friday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market cap of $2.58 billion, a P/E ratio of -54.15 and a beta of 0.93. Everbridge Inc has a 52 week low of $40.91 and a 52 week high of $79.91.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Everbridge by 6.5% during the 1st quarter. BlackRock Inc. now owns 2,005,157 shares of the technology company’s stock worth $150,406,000 after acquiring an additional 121,779 shares in the last quarter. Vanguard Group Inc. increased its stake in Everbridge by 14.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,263,119 shares of the technology company’s stock valued at $72,807,000 after purchasing an additional 162,373 shares in the last quarter. Vanguard Group Inc increased its stake in Everbridge by 14.8% during the 3rd quarter. Vanguard Group Inc now owns 1,263,119 shares of the technology company’s stock valued at $72,807,000 after purchasing an additional 162,373 shares in the last quarter. Polar Capital LLP increased its stake in Everbridge by 52.6% during the 4th quarter. Polar Capital LLP now owns 700,538 shares of the technology company’s stock valued at $39,763,000 after purchasing an additional 241,458 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Everbridge by 89.5% during the 4th quarter. Bank of New York Mellon Corp now owns 539,073 shares of the technology company’s stock valued at $30,598,000 after purchasing an additional 254,536 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Several research firms have issued reports on EVBG. BidaskClub cut shares of Everbridge from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 16th. Zacks Investment Research raised shares of Everbridge from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. assumed coverage on shares of Everbridge in a research report on Wednesday, February 6th. They issued a “neutral” rating and a $69.00 price target for the company. Robert W. Baird upped their price target on shares of Everbridge from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 20th. Finally, SunTrust Banks upped their price target on shares of Everbridge to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently 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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Insider Buying and Selling by Quarter for Everbridge (NASDAQ:EVBG)

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