Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Everbridge Inc shares valued at $116,517 were sold by Barney Bryan Reed on Apr 01 ’24. At $34.84 per share, Barney Bryan Reed sold 3,344 shares. The insider’s holdings dropped to 15,595 shares worth approximately $0.54 million following the completion of this transaction.
Also, Barney Bryan Reed sold 5,772 shares, netting a total of over 203,385 in proceeds. Following the sale of shares at $35.24 each, the insider now holds 11,719 shares.
Before that, Di Leo John P. had sold 5,037 shares from its account. In a trade valued at $177,681, the Chief Revenue Officer traded Everbridge Inc shares for $35.28 each. Upon closing the transaction, the insider’s holdings decreased to 5,037 shares, worth approximately $0.7 million.
As published in a research note from Wells Fargo on December 20, 2023, Everbridge Inc [EVBG] has been rated down from an Equal weight to an Underweight. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of April 21, 2023, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for EVBG. Earlier on February 25, 2022, Wells Fargo resumed its rating. Their recommendation was “an Equal weight” for EVBG stock.
Analyzing EVBG Stock Performance
During the last five days, there has been a surge of approximately 0.06%. Over the course of the year, Everbridge Inc shares have jumped approximately 43.40%. Shares of the company reached a 52-week high of $35.70 on 03/01/24 and a 52-week low of $21.01 on 01/17/24. A 50-day SMA is recorded $31.56, while a 200-day SMA reached $25.57. Nevertheless, trading volume fell to 1.34 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Everbridge Inc (EVBG)
According to the 24-hour chart, there is a support level at 34.83, which, if violated, would cause prices to drop to 34.79. In the upper region, resistance lies at 34.90. The next price resistance is at 34.93. RSI (Relative Strength Index) is 80.32 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 46.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Everbridge Inc subject to short interest?
Stocks of Everbridge Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.42 million shares to 1.24 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 0.82 million shares. A jump of 34.12% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.96 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.96.
