Shareholders Foundation, Inc.

Everbridge, Inc. (NASDAQ:EVBG) Investor Alert: Investigation over Potential Wrongdoing

An investigation on behalf of investors in Everbridge, Inc. (NASDAQ:EVBG) shares over potential wrongdoing at Everbridge, Inc. was announced.


San Diego, CA -- (SBWIRE) -- 02/22/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Everbridge, Inc.

Investors who purchased shares of Everbridge, Inc. (NASDAQ: EVBG) have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Everbridge, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Burlington, MA based Everbridge, Inc. operates as a software company in the United States and internationally. Everbridge, Inc. reported that its annual Total Revenue rose from $200.88 million in 2019 to $271.14 million in 2020, and that its Net Loss increased from $52.25 million in 2019 to $93.39 million in 2020.

On December 9, 2021, Everbridge, Inc. announced that Chief Executive David Meredith had immediately resigned. In addition to stepping down as CEO, Meredith is also giving up his seat on the Company's board of directors. Everbridge didn't provide any details regarding why Meredith is leaving the Company.

Shares of Everbridge, Inc. (NASDAQ: EVBG) declined from $122.78 per share on December 9, 2021, to $57.58 per share on December 10, 2021.

On January 24, 2022, asset management firm Baron Funds ("Baron") published its "Baron Discovery Fund" fourth quarter 2021 investor letter. Baron's investor letter discussed the firm's decision to dispose of its Everbridge shares, noting, in relevant part, that "[s]hares of Everbridge declined in the fourth quarter after the company announced the resignation of its CEO and guided for a slowdown in organic growth."

Those who purchased shares of Everbridge, Inc. (NASDAQ: EVBG) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.