Everbridge Inc (NASDAQ:EVBG) Insider Robert W. Hughes Sells 19,278 Shares

Everbridge Inc (NASDAQ:EVBG) insider Robert W. Hughes sold 19,278 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $102.93, for a total transaction of $1,984,284.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:EVBG traded down $0.88 during mid-day trading on Friday, hitting $99.49. The stock had a trading volume of 441,966 shares, compared to its average volume of 511,136. The firm’s 50-day simple moving average is $94.68. The company has a market capitalization of $3.31 billion, a P/E ratio of -69.57 and a beta of 0.83. Everbridge Inc has a twelve month low of $41.94 and a twelve month high of $104.22. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.52.

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

Large investors have recently modified their holdings of the stock. American International Group Inc. raised its holdings in Everbridge by 5.2% in the first quarter. American International Group Inc. now owns 18,595 shares of the technology company’s stock valued at $1,395,000 after acquiring an additional 925 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new stake in Everbridge in the first quarter valued at approximately $525,000. Motley Fool Asset Management LLC raised its holdings in Everbridge by 3.2% in the first quarter. Motley Fool Asset Management LLC now owns 258,406 shares of the technology company’s stock valued at $19,383,000 after acquiring an additional 8,000 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in Everbridge during the first quarter worth approximately $9,848,000. Finally, Zweig DiMenna Associates LLC acquired a new stake in Everbridge during the first quarter worth approximately $5,759,000. 96.74% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on EVBG. Stephens set a $98.00 price objective on shares of Everbridge and gave the company a “buy” rating in a research note on Monday, July 15th. BidaskClub raised shares of Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 12th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective (up previously from $85.00) on shares of Everbridge in a research note on Thursday, June 20th. Raymond James raised their price objective on shares of Everbridge from $70.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. Finally, KeyCorp reissued a “hold” rating on shares of Everbridge in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $94.42.

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

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