Everbridge, Inc. (NASDAQ:EVBG) saw unusually large options trading on Friday. Stock traders acquired 4,068 call options on the company. This represents an increase of approximately 1,021% compared to the average daily volume of 363 call options.
In related news, SVP Elliot J. Mark sold 1,372 shares of the stock in a transaction that occurred on Wednesday, November 10th. The stock was sold at an average price of $142.87, for a total transaction of $196,017.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Alexander Meredith sold 24,624 shares of the stock in a transaction that occurred on Wednesday, November 10th. The stock was sold at an average price of $142.86, for a total value of $3,517,784.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,439 shares of company stock valued at $9,025,483. 0.44% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of EVBG. Macquarie Group Ltd. increased its stake in Everbridge by 50.3% in the 3rd quarter. Macquarie Group Ltd. now owns 1,163,165 shares of the technology company’s stock valued at $175,685,000 after buying an additional 389,386 shares during the period. JPMorgan Chase & Co. grew its stake in Everbridge by 34.0% during the second quarter. JPMorgan Chase & Co. now owns 1,181,447 shares of the technology company’s stock worth $160,770,000 after buying an additional 299,447 shares during the period. Lord Abbett & CO. LLC raised its holdings in Everbridge by 76.8% in the third quarter. Lord Abbett & CO. LLC now owns 513,191 shares of the technology company’s stock valued at $77,512,000 after acquiring an additional 222,972 shares in the last quarter. Sylebra Capital Ltd increased its stake in Everbridge by 12.3% during the third quarter. Sylebra Capital Ltd now owns 2,007,931 shares of the technology company’s stock valued at $303,278,000 after purchasing an additional 220,553 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Everbridge by 29.6% during the third quarter. Alliancebernstein L.P. now owns 838,632 shares of the technology company’s stock valued at $126,667,000 after purchasing an additional 191,692 shares during the last quarter.
Shares of NASDAQ EVBG traded down $53.57 during trading hours on Friday, hitting $61.80. 252,590 shares of the stock were exchanged, compared to its average volume of 457,919. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 1.65. Everbridge has a 12 month low of $103.28 and a 12 month high of $178.98. The company has a market cap of $2.38 billion, a PE ratio of -21.24 and a beta of 0.77. The firm has a fifty day moving average price of $136.82 and a 200-day moving average price of $139.44.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Tuesday, November 9th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.62) by $0.67. Everbridge had a negative net margin of 31.91% and a negative return on equity of 12.68%. During the same quarter in the prior year, the firm earned ($0.33) EPS. As a group, equities analysts anticipate that Everbridge will post -1.48 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on EVBG shares. Needham & Company LLC lowered Everbridge from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus downgraded Everbridge from a “buy” rating to a “hold” rating and cut their target price for the stock from $185.00 to $100.00 in a research note on Friday. Wells Fargo & Company initiated coverage on Everbridge in a research note on Monday, November 22nd. They issued an “equal weight” rating and a $125.00 price objective on the stock. Northland Securities cut shares of Everbridge from an “outperform” rating to a “market perform” rating in a report on Friday. Finally, Robert W. Baird cut Everbridge from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $175.00 to $95.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $141.46.
Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organizations 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.
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