Everbridge Inc (NASDAQ:EVBG) – Research analysts at William Blair issued their FY2020 EPS estimates for shares of Everbridge in a report released on Wednesday, February 20th. William Blair analyst B. Suri expects that the technology company will post earnings of ($1.39) per share for the year. William Blair has a “Outperform” rating on the stock.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.01. The company had revenue of $41.83 million for the quarter, compared to the consensus estimate of $41.04 million. Everbridge had a negative return on equity of 77.46% and a negative net margin of 32.30%.
Shares of Everbridge stock opened at $70.00 on Friday. Everbridge has a 12 month low of $31.25 and a 12 month high of $71.61. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -48.95 and a beta of 0.97. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.95.
Several large investors have recently bought and sold shares of EVBG. Capital Research Global Investors acquired a new stake in shares of Everbridge in the third quarter valued at approximately $53,806,000. Rehmann Capital Advisory Group acquired a new stake in shares of Everbridge in the third quarter valued at approximately $8,153,000. Morgan Stanley increased its holdings in shares of Everbridge by 279.2% in the third quarter. Morgan Stanley now owns 356,257 shares of the technology company’s stock valued at $20,534,000 after purchasing an additional 262,312 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Everbridge by 89.5% in the fourth quarter. Bank of New York Mellon Corp now owns 539,073 shares of the technology company’s stock valued at $30,598,000 after purchasing an additional 254,536 shares during the last quarter. Finally, Polar Capital LLP increased its stake in Everbridge by 52.6% during the fourth quarter. Polar Capital LLP now owns 700,538 shares of the technology company’s stock worth $39,763,000 after acquiring an additional 241,458 shares during the last quarter. 93.37% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP Imad Mouline sold 3,000 shares of the stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $55.39, for a total value of $166,170.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert W. Hughes sold 23,700 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $54.04, for a total value of $1,280,748.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 545,566 shares of company stock valued at $30,602,017. Insiders own 11.20% of the company’s stock.
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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