Insider Selling: Everbridge, Inc. (NASDAQ:EVBG) Insider Sells 3,344 Shares of Stock

Everbridge, Inc. (NASDAQ:EVBG - Get Free Report) insider Bryan Reed Barney sold 3,344 shares of the business's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the completion of the sale, the insider now owns 15,595 shares in the company, valued at approximately $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bryan Reed Barney also recently made the following trade(s):

• On Monday, February 5th, Bryan Reed Barney sold 730 shares of Everbridge stock. The shares were sold at an average price of $28.11, for a total transaction of $20,520.30.

Everbridge Stock Up 0.2 %

Shares of EVBG traded up $0.08 during midday trading on Tuesday, hitting $34.90. 539,435 shares of the company's stock traded hands, compared to its average volume of 1,219,174. Everbridge, Inc. has a 1 year low of $18.50 and a 1 year high of $35.70. The firm's fifty day moving average is $30.43 and its 200-day moving average is $24.86. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.41, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96.

Everbridge (NASDAQ:EVBG - Get Free Report) last released its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. The business had revenue of $115.76 million during the quarter, compared to analysts' expectations of $114.70 million. As a group, sell-side analysts anticipate that Everbridge, Inc. will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Lead Edge Capital Management LLC purchased a new stake in shares of Everbridge during the third quarter valued at $18,568,000. Polar Asset Management Partners Inc. purchased a new stake in Everbridge during the 1st quarter valued at about $22,179,000. Allspring Global Investments Holdings LLC grew its stake in Everbridge by 10,789.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company's stock valued at $12,366,000 after purchasing an additional 546,483 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Everbridge by 14.5% in the first quarter. Vanguard Group Inc. now owns 4,047,870 shares of the technology company's stock valued at $176,649,000 after purchasing an additional 511,847 shares during the period. Finally, Norges Bank purchased a new position in shares of Everbridge in the fourth quarter worth about $11,476,000. Institutional investors and hedge funds own 89.95% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EVBG shares. Robert W. Baird upped their target price on shares of Everbridge from $21.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 6th. Needham & Company LLC reiterated a "hold" rating on shares of Everbridge in a report on Monday, February 5th. Raymond James reissued a "market perform" rating on shares of Everbridge in a research report on Wednesday, February 7th. Canaccord Genuity Group boosted their price objective on shares of Everbridge from $28.60 to $35.00 and gave the company a "hold" rating in a research report on Monday, March 4th. Finally, Wells Fargo & Company upgraded shares of Everbridge from an "underweight" rating to an "equal weight" rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $29.00.

Everbridge Company Profile

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization's operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.