EAM Investors LLC Has $4 Million Position in Everbridge, Inc. (EVBG)
EAM Investors LLC cut its stake in shares of Everbridge, Inc. (NASDAQ:EVBG) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,256 shares of the technology company’s stock after selling 6,464 shares during the period. EAM Investors LLC owned approximately 0.54% of Everbridge worth $3,996,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new position in Everbridge during the second quarter worth about $2,706,000. Nicholas Investment Partners LP lifted its holdings in Everbridge by 20.8% during the second quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock worth $10,626,000 after acquiring an additional 75,076 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Everbridge by 11.6% during the first quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock worth $6,631,000 after acquiring an additional 33,665 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Everbridge by 67.8% during the second quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock worth $4,840,000 after acquiring an additional 80,245 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Everbridge during the second quarter worth about $288,000. 55.21% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on EVBG shares. Zacks Investment Research lowered Everbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. William Blair restated a “buy” rating on shares of Everbridge in a report on Monday, September 25th. Needham & Company LLC boosted their price target on Everbridge from $28.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Canaccord Genuity restated a “buy” rating and issued a $33.00 price target (up from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. Finally, Northland Securities restated an “outperform” rating and issued a $31.00 price target (up from $28.00) on shares of Everbridge in a report on Friday, October 13th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $31.00.
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In related news, SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $27.76, for a total transaction of $27,760.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider R William Burgess, Jr. sold 23,244 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $22.56, for a total value of $524,384.64. Following the sale, the insider now owns 45,165 shares in the company, valued at approximately $1,018,922.40. The disclosure for this sale can be found here. Insiders have sold 83,051 shares of company stock worth $2,073,584 in the last quarter. 41.40% of the stock is currently owned by corporate insiders.
Shares of Everbridge, Inc. (NASDAQ EVBG) traded up $0.58 during trading on Tuesday, hitting $26.65. The stock had a trading volume of 371,400 shares, compared to its average volume of 228,399. Everbridge, Inc. has a 12 month low of $14.26 and a 12 month high of $29.99.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.04. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The business had revenue of $27.31 million for the quarter, compared to analyst estimates of $26.41 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Everbridge’s revenue was up 37.0% on a year-over-year basis. sell-side analysts anticipate that Everbridge, Inc. will post -0.55 EPS for the current year.
Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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.
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