Everbridge Inc (NASDAQ:EVBG) CEO David Alexander Meredith sold 4,883 shares of the company's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $121.06, for a total value of $591,135.98. Following the completion of the transaction, the chief executive officer now directly owns 384 shares in the company, valued at $46,487.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
David Alexander Meredith also recently made the following trade(s):
- On Thursday, September 10th, David Alexander Meredith sold 2,774 shares of Everbridge stock. The stock was sold at an average price of $124.48, for a total value of $345,307.52.
Shares of EVBG stock traded up $2.16 during mid-day trading on Wednesday, reaching $122.87. The stock had a trading volume of 556,400 shares, compared to its average volume of 609,910. The firm's 50 day simple moving average is $135.00 and its 200 day simple moving average is $128.57. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 1.88. Everbridge Inc has a one year low of $59.85 and a one year high of $165.79. The firm has a market cap of $4.18 billion, a PE ratio of -58.71 and a beta of 0.46.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Thursday, August 6th. The technology company reported $0.06 EPS for the quarter, topping the Zacks' consensus estimate of ($0.21) by $0.27. Everbridge had a negative return on equity of 18.80% and a negative net margin of 30.20%. The company had revenue of $65.40 million during the quarter, compared to the consensus estimate of $63.00 million. During the same quarter last year, the company earned ($0.04) EPS. The company's quarterly revenue was up 35.1% on a year-over-year basis. Sell-side analysts forecast that Everbridge Inc will post -1.53 earnings per share for the current fiscal year.
Several research analysts have weighed in on EVBG shares. Canaccord Genuity upped their target price on Everbridge from $150.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Zacks Investment Research lowered Everbridge from a "strong-buy" rating to a "hold" rating in a report on Monday, August 3rd. Credit Suisse Group increased their price objective on Everbridge from $118.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Northland Securities started coverage on Everbridge in a report on Friday, June 12th. They set a "buy" rating and a $143.00 price objective on the stock. Finally, Raymond James increased their price objective on Everbridge from $130.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, August 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of "Buy" and an average price target of $149.00.
Several hedge funds have recently made changes to their positions in EVBG. Pictet Asset Management Ltd. acquired a new stake in shares of Everbridge in the 1st quarter valued at $68,685,000. Massachusetts Financial Services Co. MA increased its stake in shares of Everbridge by 109.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 944,921 shares of the technology company's stock valued at $100,502,000 after buying an additional 493,184 shares during the period. Federated Hermes Inc. increased its stake in shares of Everbridge by 65.4% in the 1st quarter. Federated Hermes Inc. now owns 765,058 shares of the technology company's stock valued at $81,371,000 after buying an additional 302,403 shares during the period. Fiera Capital Corp acquired a new stake in shares of Everbridge in the 1st quarter valued at $30,429,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Everbridge in the 1st quarter valued at $28,179,000.
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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