Everbridge Inc’s filing revealed that its Chief Product Officer Barney Bryan Reed unloaded Company’s shares for reported $0.12 million on Apr 01 ’24. In the deal valued at $34.84 per share,3,344 shares were sold. As a result of this transaction, Barney Bryan Reed now holds 15,595 shares worth roughly $0.54 million.
Then, Barney Bryan Reed sold 5,772 shares, generating $203,385 in total proceeds. Upon selling the shares at $35.24, the Chief Product Officer now owns 11,719 shares.
Before that, Di Leo John P. sold 5,037 shares. Everbridge Inc shares valued at $177,681 were divested by the Chief Revenue Officer at a price of $35.28 per share. As a result of the transaction, Di Leo John P. now holds 19,963 shares, worth roughly $0.7 million.
Wells Fargo downgraded its Everbridge Inc [EVBG] rating to an Underweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in mid July from “a Hold” to “a Buy”. Stephens also remained covering EVBG and has decreased its forecast on April 21, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Wells Fargo maintained its rating on February 25, 2022. It rated EVBG as “an Equal weight”.
Price Performance Review of EVBG
On Friday, Everbridge Inc [NASDAQ:EVBG] saw its stock jump 0.06% to $34.85. Over the last five days, the stock has gained 0.06%. Everbridge Inc shares have risen nearly 43.36% since the year began. Nevertheless, the stocks have risen 6.12% over the past one year. While a 52-week high of $35.70 was reached on 03/01/24, a 52-week low of $18.50 was recorded on 01/17/24. SMA at 50 days reached $30.82, while 200 days put it at $25.44. A total of 0.56 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For EVBG Stock
The 24-hour chart illustrates a support level at 34.83, which if violated will result in even more drops to 34.82. On the upside, there is a resistance level at 34.87. A further resistance level may holdings at 34.90. The Relative Strength Index (RSI) on the 14-day chart is 80.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.18%. Stochastics %K at 56.09% indicates the stock is a holding.
How much short interest is there in Everbridge Inc?
A steep rise in short interest was recorded in Everbridge Inc stocks on Mar 15, 2024, growing by 0.42 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.82 million shares. There was a rise of 34.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.96.
The most recent change occurred on February 25, 2022 when Stifel resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $40.
