The Potential Rise in the Price of Everbridge Inc. (EVBG) following insiders activity


In a filing, Everbridge Inc. revealed its EVP & Chief Revenue Officer IRVIN VERNON unloaded Company’s shares for reported $0.11 million on Oct 03. In the deal valued at $31.14 per share,3,589 shares were sold. As a result of this transaction, IRVIN VERNON now holds 11,510 shares worth roughly $ 0.29 million.

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Then, Nigam Ajay sold 461 shares, generating $17,984 in total proceeds. Upon selling the shares at $39.01, the Chief Product Officer now owns 16,914 shares.

Before that, Nigam Ajay sold 45 shares. Everbridge Inc. shares valued at $1,087 were divested by the Chief Product Officer at a price of $24.16 per share. As a result of the transaction, Nigam Ajay now holds 16,110 shares, worth roughly $0.4 million.

Wells Fargo reiterated its Everbridge Inc. [EVBG] rating to an Equal weight in a research note published on Monday, February 25, 2022; the price target was $36. PT values the company’s stock at a premium of 30.56 to its Monday closing price. A number of analysts have revised their coverage, including Stifel’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Hold”‘ rating for it. Stephens also remained covering EVBG and reiterated its “an Overweight” recommendation on February 25, 2022. Raymond James maintained its rating on February 25, 2022. It rated EVBG as “an Outperform”.

Price Performance Review of EVBG

On Monday, Everbridge Inc. [NASDAQ:EVBG] saw its stock fall -6.33% to $25.00. On the same session, the stock had its day’s lowest price of $24.205, but rose to a high of $27.03. Over the last five days, the stock has lost -20.20%. Everbridge Inc. shares have fallen nearly -62.87% since the year began. Nevertheless, the stocks have fallen -83.98% over the past one year. While a 52-week high of $164.00 was reached on 01/03/22, a 52-week low of $24.10 was recorded on 08/01/22. SMA at 50 days reached $33.24, while 200 days put it at $37.63. A total of 1.13 million shares were traded, compared to the trading of 0.56 million shares in the previous session.

Levels Of Support And Resistance For EVBG Stock

The 24-hour chart illustrates a support level at 23.79, which if violated will result in even more drops to 22.59. On the upside, there is a resistance level at 26.62. A further resistance level may holdings at 28.24. The Relative Strength Index (RSI) on the 14-day chart is 32.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.10%. Stochastics %K at 18.15% indicates the stock is a buying.

How much short interest is there in Everbridge Inc.?

A steep rise in short interest was recorded in Everbridge Inc. stocks on Jul 14, 2022, dropping by -0.11 million shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.5 million shares. There was a decline of -4.6%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.09% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.51.

Everbridge Inc. [EVBG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 4,724,476 shares, or roughly 11.95% of the outstanding EVBG shares. In other words, the investor’s shares have risen by 727,702 from its previous 13-F filing of 3996774.0. Additionally, BlackRock Fund Advisors increased 35.54% of its stake after which the total value it holdings stand at $75,760,436, while D. E. Shaw & Co. LP added 63.75% of its stake to hold $43.73 million in the firm. Over the last quarter, Fred Alger Management LLC sold -46,712 shares of Everbridge Inc., while Massachusetts Financial Services sold -185,314 shares. At present, ClearBridge Investments LLC is holding 1,068,896 shares valued at $33.01 million. JPMorgan Investment Management, I owned 917,979 shares of the company at the time of its most recent 13F filing, worth $28.35 million.

According to FactSet, Everbridge Inc.’s share price will average $37.60 in the next year, based on opinions of analysts polled by the firm. This is up nearly 40.5 percent from its previous closing price of $26.69. Analysts expect Everbridge Inc. stock to reach the higher price of $55.00, while the lowest price estimate is $30.00. However, 13 analysts have rated EVBG stock as a Hold in their predictions for 2022. The most recent change occurred on February 25, 2022 when Canaccord Genuity resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $59.


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