Bryan Reed Barney Sells 3,276 Shares of Everbridge, Inc. (NASDAQ:EVBG) Stock

Everbridge, Inc. (NASDAQ:EVBG) insider Bryan Reed Barney sold 3,276 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $34.99, for a total transaction of $114,627.24. Following the sale, the insider now directly owns 18,569 shares in the company, valued at $649,729.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Everbridge Price Performance

NASDAQ:EVBG opened at $35.00 on Thursday. Everbridge, Inc. has a one year low of $18.50 and a one year high of $36.31. The company has a market cap of $1.46 billion, a P/E ratio of -22.44, a P/E/G ratio of 0.95 and a beta of 0.98. The firm’s fifty day moving average price is $34.78 and its two-hundred day moving average price is $31.02. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.21). Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. The business had revenue of $111.43 million during the quarter, compared to analyst estimates of $111.90 million. Equities analysts expect that Everbridge, Inc. will post 0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

EVBG has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Everbridge in a research report on Sunday. They set a “hold” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a research report on Monday, May 13th. Finally, Robert W. Baird upped their price target on shares of Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $29.75.

Hedge Funds Weigh In On Everbridge

Several institutional investors and hedge funds have recently modified their holdings of EVBG. Lead Edge Capital Management LLC acquired a new position in shares of Everbridge in the third quarter valued at about $18,568,000. Gabelli Funds LLC acquired a new position in shares of Everbridge in the first quarter valued at about $15,842,000. Norges Bank acquired a new position in shares of Everbridge in the fourth quarter valued at about $7,016,000. Kent Lake Capital LLC acquired a new position in shares of Everbridge in the fourth quarter valued at about $6,078,000. Finally, Harber Asset Management LLC grew its stake in Everbridge by 49.4% during the fourth quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock worth $13,490,000 after buying an additional 183,471 shares in the last quarter. 89.95% of the stock is currently owned by institutional investors and hedge funds.

About Everbridge

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.