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Recent Insider Activity Could Benefit Everbridge Inc (EVBG)

Everbridge Inc’s recent filing unveils that its Chief Revenue Officer Di Leo John P. unloaded Company’s shares for reported $52989.0 on Jun 03 ’24. In the deal valued at $34.77 per share,1,524 shares were sold. As a result of this transaction, Di Leo John P. now holds 24,689 shares worth roughly $0.86 million.

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Then, Barney Bryan Reed sold 3,344 shares, generating $116,517 in total proceeds. Upon selling the shares at $34.84, the Chief Product Officer now owns 15,595 shares.

Before that, Barney Bryan Reed sold 5,772 shares. Everbridge Inc shares valued at $203,385 were divested by the Chief Product Officer at a price of $35.24 per share. As a result of the transaction, Barney Bryan Reed now holds 11,719 shares, worth roughly $0.41 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 fall -0.03% to $34.74. Over the last five days, the stock has lost -0.06%. Everbridge Inc shares have risen nearly 42.90% since the year began. Nevertheless, the stocks have risen 32.54% over the past one year. While a 52-week high of $36.31 was reached on 05/30/24, a 52-week low of $18.50 was recorded on 01/17/24. SMA at 50 days reached $34.80, while 200 days put it at $27.09. A total of 0.56 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For EVBG Stock

The 24-hour chart illustrates a support level at 34.71, which if violated will result in even more drops to 34.67. On the upside, there is a resistance level at 34.80. A further resistance level may holdings at 34.86. The Relative Strength Index (RSI) on the 14-day chart is 52.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.37%. Stochastics %K at 1.88% indicates the stock is a buying.

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.

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