Everbridge Inc (EVBG) CEO Sells $421,856.68 in Stock

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Everbridge Inc (NASDAQ:EVBG) CEO Jaime Wallace Ellertson sold 6,943 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $60.76, for a total transaction of $421,856.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jaime Wallace Ellertson also recently made the following trade(s):

  • On Tuesday, July 3rd, Jaime Wallace Ellertson sold 9,165 shares of Everbridge stock. The stock was sold at an average price of $47.05, for a total transaction of $431,213.25.
  • On Friday, June 22nd, Jaime Wallace Ellertson sold 381,607 shares of Everbridge stock. The stock was sold at an average price of $49.55, for a total transaction of $18,908,626.85.
  • On Tuesday, June 19th, Jaime Wallace Ellertson sold 219,349 shares of Everbridge stock. The stock was sold at an average price of $51.33, for a total transaction of $11,259,184.17.

NASDAQ:EVBG opened at $62.26 on Friday. Everbridge Inc has a 1-year low of $23.16 and a 1-year high of $63.00. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a market capitalization of $1.80 billion, a P/E ratio of -109.23 and a beta of 1.16.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Monday, August 6th. The technology company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. Everbridge had a negative net margin of 31.96% and a negative return on equity of 64.53%. The firm had revenue of $35.80 million for the quarter, compared to analyst estimates of $34.18 million. During the same period last year, the firm posted ($0.05) EPS. Everbridge’s quarterly revenue was up 43.2% on a year-over-year basis. analysts forecast that Everbridge Inc will post -1.54 earnings per share for the current fiscal year.

EVBG has been the topic of a number of research reports. Needham & Company LLC raised their target price on shares of Everbridge to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. Canaccord Genuity raised their target price on shares of Everbridge from $46.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. Bank of America raised their target price on shares of Everbridge from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, June 11th. KeyCorp raised their target price on shares of Everbridge from $45.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, June 15th. Finally, BidaskClub lowered shares of Everbridge from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 20th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $50.56.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Everbridge by 197.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,170 shares of the technology company’s stock valued at $198,000 after buying an additional 2,767 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Everbridge during the 2nd quarter worth $238,000. Teacher Retirement System of Texas purchased a new stake in shares of Everbridge during the 2nd quarter worth $244,000. Hilltop Holdings Inc. purchased a new stake in shares of Everbridge during the 2nd quarter worth $267,000. Finally, Fisher Asset Management LLC purchased a new stake in shares of Everbridge during the 2nd quarter worth $311,000. Hedge funds and other institutional investors own 89.16% of the company’s stock.

Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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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