Everbridge, Inc. (NASDAQ:EVBG) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Everbridge, Inc. (NASDAQ:EVBGGet Rating) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 91,877 shares of the technology company’s stock after acquiring an additional 3,336 shares during the period. Raymond James & Associates’ holdings in Everbridge were worth $2,837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank boosted its stake in shares of Everbridge by 11.7% during the 1st quarter. Amalgamated Bank now owns 9,047 shares of the technology company’s stock valued at $395,000 after buying an additional 946 shares during the last quarter. Steph & Co. purchased a new position in shares of Everbridge during the 3rd quarter valued at approximately $122,000. B. Riley Asset Management LLC boosted its stake in shares of Everbridge by 154.3% during the 2nd quarter. B. Riley Asset Management LLC now owns 195,772 shares of the technology company’s stock valued at $5,460,000 after buying an additional 118,784 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Everbridge by 14.7% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 420,778 shares of the technology company’s stock valued at $11,735,000 after buying an additional 54,016 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Everbridge by 90.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,780 shares of the technology company’s stock valued at $356,000 after buying an additional 6,067 shares during the last quarter. 91.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Everbridge from $32.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, January 6th. Raymond James reduced their price objective on Everbridge from $38.00 to $32.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 9th. StockNews.com upgraded Everbridge from a “sell” rating to a “hold” rating in a research note on Wednesday, November 16th. Finally, Canaccord Genuity Group reduced their price objective on Everbridge from $55.00 to $40.00 in a research note on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Everbridge has a consensus rating of “Hold” and a consensus price target of $39.44.

Everbridge Stock Performance

EVBG stock opened at $29.81 on Friday. The company has a debt-to-equity ratio of 3.31, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -13.43 and a beta of 0.80. Everbridge, Inc. has a 1 year low of $24.10 and a 1 year high of $56.58. The stock’s fifty day moving average is $30.07 and its two-hundred day moving average is $31.45.

Everbridge (NASDAQ:EVBGGet Rating) last posted its earnings results on Tuesday, November 8th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.12. The company had revenue of $111.40 million for the quarter, compared to analysts’ expectations of $110.69 million. Everbridge had a negative return on equity of 8.37% and a negative net margin of 21.04%. On average, research analysts predict that Everbridge, Inc. will post -0.69 EPS for the current year.

Insider Buying and Selling at Everbridge

In other Everbridge news, CEO David Wagner sold 12,391 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $29.02, for a total value of $359,586.82. Following the sale, the chief executive officer now directly owns 37,609 shares in the company, valued at $1,091,413.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Everbridge news, CEO David Wagner sold 12,391 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $29.02, for a total value of $359,586.82. Following the sale, the chief executive officer now directly owns 37,609 shares in the company, valued at $1,091,413.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sharon T. Rowlands sold 10,000 shares of the firm’s stock in a transaction on Sunday, November 13th. The shares were sold at an average price of $32.48, for a total value of $324,800.00. Following the transaction, the director now directly owns 7,171 shares in the company, valued at $232,914.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,487 shares of company stock worth $829,490. 0.44% of the stock is owned by insiders.

Everbridge Profile

(Get Rating)

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.

Featured Stories

Want to see what other hedge funds are holding EVBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everbridge, Inc. (NASDAQ:EVBGGet Rating).

Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.