Everbridge, Inc. (EVBG) SVP Scott Burnett Sells 1,300 Shares

Everbridge, Inc. (NASDAQ:EVBG) SVP Scott Burnett sold 1,300 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $27.35, for a total transaction of $35,555.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Scott Burnett also recently made the following trade(s):

  • On Monday, October 16th, Scott Burnett sold 9,000 shares of Everbridge stock. The stock was sold at an average price of $26.91, for a total transaction of $242,190.00.
  • On Friday, September 15th, Scott Burnett sold 8,695 shares of Everbridge stock. The stock was sold at an average price of $23.38, for a total transaction of $203,289.10.

Shares of Everbridge, Inc. (NASDAQ EVBG) traded up $0.90 during midday trading on Wednesday, reaching $29.58. 520,100 shares of the company traded hands, compared to its average volume of 219,211. Everbridge, Inc. has a one year low of $14.26 and a one year high of $29.99.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The company had revenue of $27.31 million during the quarter, compared to analysts’ expectations of $26.41 million. During the same quarter in the prior year, the company earned ($0.07) EPS. Everbridge’s revenue was up 37.0% compared to the same quarter last year. equities analysts expect that Everbridge, Inc. will post -0.55 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in Everbridge by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock valued at $2,432,000 after acquiring an additional 325 shares in the last quarter. Gradient Investments LLC grew its stake in Everbridge by 3.3% during the 2nd quarter. Gradient Investments LLC now owns 18,017 shares of the technology company’s stock valued at $439,000 after acquiring an additional 576 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Everbridge by 6.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock valued at $404,000 after buying an additional 1,199 shares during the period. Legal & General Group Plc grew its stake in shares of Everbridge by 196.3% in the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after buying an additional 2,885 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Everbridge by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 65,971 shares of the technology company’s stock valued at $1,743,000 after buying an additional 3,499 shares during the period. 54.44% of the stock is owned by institutional investors.

A number of analysts have recently commented on the stock. Northland Securities reissued a “buy” rating and set a $33.00 target price on shares of Everbridge in a research note on Friday, November 10th. ValuEngine raised shares of Everbridge from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. KeyCorp boosted their target price on shares of Everbridge from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Credit Suisse Group boosted their target price on shares of Everbridge from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $31.00.

About Everbridge

Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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.

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

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