153,880 Shares in Everbridge, Inc. (NASDAQ:EVBG) Purchased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can acquired a new stake in Everbridge, Inc. (NASDAQ:EVBGGet Rating) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 153,880 shares of the technology company’s stock, valued at approximately $4,751,000.

Several other large investors also recently added to or reduced their stakes in EVBG. Nisa Investment Advisors LLC boosted its position in Everbridge by 1,647.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,485 shares of the technology company’s stock valued at $41,000 after buying an additional 1,400 shares during the period. City Holding Co. purchased a new stake in Everbridge in the 3rd quarter valued at about $43,000. Point72 Hong Kong Ltd purchased a new stake in Everbridge in the 1st quarter valued at about $90,000. MetLife Investment Management LLC purchased a new stake in Everbridge in the 1st quarter valued at about $111,000. Finally, Steph & Co. purchased a new stake in Everbridge in the 3rd quarter valued at about $122,000. 91.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO David Wagner sold 12,391 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were 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 of the company’s stock, valued at approximately $1,091,413.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Vernon Irvin sold 4,443 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $27.85, for a total transaction of $123,737.55. Following the sale, the executive vice president now directly owns 22,501 shares of the company’s stock, valued at $626,652.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Wagner sold 12,391 shares of the stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $29.02, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold 27,487 shares of company stock valued at $829,490 in the last ninety days. Insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

Everbridge Trading Up 3.5 %

NASDAQ EVBG opened at $29.81 on Monday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 3.31. The firm has a market cap of $1.19 billion, a PE ratio of -13.43 and a beta of 0.80. The company has a 50 day moving average price of $30.07 and a 200 day moving average price of $31.48. Everbridge, Inc. has a 52 week low of $24.10 and a 52 week high of $56.58.

Everbridge (NASDAQ:EVBGGet Rating) last posted its quarterly earnings data on Tuesday, November 8th. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.12. Everbridge had a negative net margin of 21.04% and a negative return on equity of 8.37%. The firm had revenue of $111.40 million during the quarter, compared to analyst estimates of $110.69 million. As a group, sell-side analysts forecast that Everbridge, Inc. will post -0.69 EPS for the current fiscal year.

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.

See Also

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)

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