Wednesday, November 22, 2017 10:15 PM ET
Significant Insider Selling in Shares of Everbridge (EVBG) Continues
One insider — Jaime Wallace Ellertson, Director and Officer — today, sold 650,000 shares of Everbridge having a market value of approximately $17,179,890, as revealed in a form 4 document filed with the SEC. There have been 8 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 112,122 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 762,122 shares and have averaged 84,680 shares per transaction over this time period.
The level of buy/sell trading at Everbridge is is above the 97 peer company average over the last 90-day period. The Software peer group saw 171 buy/sell trades during this period for an average of 1.8 transactions per company. The number of shares per buy/sell trade for Everbridge insiders was also higher. Within the peer group there were 1,216,105 shares purchased and 5,562,989 shares sold with company insiders having sold 25,420 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data obtained in evaluating and writing this story.
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