Everbridge, Inc. (NASDAQ:EVBG) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its holdings in Everbridge, Inc. (NASDAQ:EVBGGet Rating) by 375.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,326 shares of the technology company’s stock after buying an additional 2,626 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Everbridge were worth $145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Commonwealth Equity Services LLC boosted its position in Everbridge by 39.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,171 shares of the technology company’s stock valued at $280,000 after purchasing an additional 1,178 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Everbridge by 8.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 24,334 shares of the technology company’s stock valued at $1,638,000 after purchasing an additional 1,904 shares during the last quarter. Astrantus Ltd acquired a new stake in Everbridge during the fourth quarter valued at $426,000. Assenagon Asset Management S.A. boosted its position in Everbridge by 1,092.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 165,783 shares of the technology company’s stock valued at $11,162,000 after purchasing an additional 151,885 shares during the last quarter. Finally, Horrell Capital Management Inc. bought a new position in Everbridge during the fourth quarter valued at about $1,347,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Everbridge Stock Up 3.7 %

EVBG stock opened at $26.07 on Tuesday. Everbridge, Inc. has a twelve month low of $24.10 and a twelve month high of $167.40. The company has a market cap of $1.03 billion, a PE ratio of -10.91 and a beta of 0.91. The business’s 50-day simple moving average is $31.95 and its 200 day simple moving average is $40.21. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 2.63.

Everbridge (NASDAQ:EVBGGet Rating) last released its earnings results on Monday, May 9th. The technology company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.56. Everbridge had a negative return on equity of 9.28% and a negative net margin of 23.82%. The business had revenue of $100.38 million for the quarter, compared to the consensus estimate of $98.82 million. During the same period last year, the business earned ($0.13) earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, research analysts anticipate that Everbridge, Inc. will post -1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on EVBG shares. StockNews.com lowered Everbridge from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Stifel Nicolaus cut their target price on Everbridge from $40.00 to $32.00 in a report on Monday, July 25th. Finally, Barclays restated a “maintains” rating on shares of Everbridge in a report on Tuesday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Everbridge presently has an average rating of “Hold” and a consensus price target of $73.43.

Insider Buying and Selling at Everbridge

In other Everbridge news, insider Ajay Nigam sold 3,316 shares of Everbridge stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $39.29, for a total transaction of $130,285.64. Following the sale, the insider now directly owns 15,140 shares of the company’s stock, valued at $594,850.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.44% of the company’s stock.

About Everbridge

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Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans.

See Also

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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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