Insider Selling: Everbridge Inc (EVBG) SVP Sells 2,500 Shares of Stock

Everbridge Inc (NASDAQ:EVBG) SVP Elliot J. Mark sold 2,500 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $32.78, for a total transaction of $81,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Everbridge Inc (NASDAQ EVBG) opened at $32.18 on Thursday. Everbridge Inc has a one year low of $16.63 and a one year high of $33.85. The stock has a market cap of $889.46, a price-to-earnings ratio of -53.63 and a beta of 1.67.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fred Alger Management Inc. increased its stake in Everbridge by 40.1% during the 4th quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock worth $49,489,000 after buying an additional 476,782 shares during the period. BlackRock Inc. increased its stake in Everbridge by 29.0% during the 4th quarter. BlackRock Inc. now owns 1,158,361 shares of the technology company’s stock worth $34,426,000 after buying an additional 260,224 shares during the period. Garelick Capital Partners LP increased its stake in Everbridge by 138.3% during the 4th quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock worth $28,318,000 after buying an additional 552,958 shares during the period. Vanguard Group Inc. increased its stake in Everbridge by 115.8% during the 2nd quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after buying an additional 373,899 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in Everbridge by 41.5% during the 4th quarter. Driehaus Capital Management LLC now owns 633,280 shares of the technology company’s stock worth $18,821,000 after buying an additional 185,731 shares during the period. 66.36% of the stock is currently owned by hedge funds and other institutional investors.

EVBG has been the topic of a number of research reports. Credit Suisse Group reissued an “outperform” rating and issued a $30.00 target price (up previously from $26.50) on shares of Everbridge in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Everbridge from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, January 9th. KeyCorp reissued a “buy” rating and issued a $37.00 target price (up previously from $30.00) on shares of Everbridge in a research note on Wednesday, January 17th. Canaccord Genuity reissued a “buy” rating and issued a $33.00 target price (up previously from $28.00) on shares of Everbridge in a research note on Tuesday, November 7th. Finally, William Blair reissued a “buy” rating on shares of Everbridge in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. Everbridge has a consensus rating of “Buy” and a consensus target price of $32.89.

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Everbridge Company Profile

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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