Imad Mouline Sells 13,000 Shares of Everbridge Inc (EVBG) Stock

Everbridge Inc (NASDAQ:EVBG) SVP Imad Mouline sold 13,000 shares of Everbridge stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $80.25, for a total transaction of $1,043,250.00. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $77.50, for a total transaction of $387,500.00.
  • On Monday, April 15th, Imad Mouline sold 3,000 shares of Everbridge stock. The stock was sold at an average price of $72.54, for a total transaction of $217,620.00.
  • On Tuesday, March 19th, Imad Mouline sold 5,000 shares of Everbridge stock. The stock was 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.

Shares of NASDAQ:EVBG opened at $83.06 on Friday. Everbridge Inc has a 52 week low of $41.94 and a 52 week high of $85.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.35 and a current ratio of 2.42. The firm has a market capitalization of $2.74 billion, a PE ratio of -58.08 and a beta of 0.93.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Monday, May 6th. The technology company reported ($0.39) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.09. Everbridge had a negative net margin of 30.93% and a negative return on equity of 52.04%. The company had revenue of $42.82 million for the quarter, compared to the consensus estimate of $42.23 million. During the same quarter in the previous year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was up 40.3% compared to the same quarter last year. On average, sell-side analysts forecast that Everbridge Inc will post -1.41 EPS for the current year.

Several large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co NY boosted its stake in shares of Everbridge by 6.7% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 9,147 shares of the technology company’s stock valued at $686,000 after purchasing an additional 572 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of Everbridge by 37.2% in the 1st quarter. Select Equity Group L.P. now owns 441,282 shares of the technology company’s stock valued at $33,101,000 after purchasing an additional 119,658 shares in the last quarter. Sylebra HK Co Ltd acquired a new stake in shares of Everbridge in the 1st quarter valued at $17,522,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Everbridge in the 1st quarter valued at $203,000. Finally, Man Group plc acquired a new stake in shares of Everbridge in the 1st quarter valued at $677,000. Institutional investors own 88.52% of the company’s stock.

A number of equities research analysts have weighed in on EVBG shares. Stephens reiterated a “buy” rating and set a $74.00 price target on shares of Everbridge in a research note on Monday, April 29th. JPMorgan Chase & Co. started coverage on shares of Everbridge in a research note on Wednesday, February 6th. They set a “neutral” rating and a $69.00 price target on the stock. BidaskClub upgraded shares of Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, SunTrust Banks lifted their price target on shares of Everbridge to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $76.00.

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About Everbridge

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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