Essex Investment Management Co. LLC boosted its holdings in shares of Everbridge Inc (NASDAQ:EVBG) by 13.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,776 shares of the technology company’s stock after purchasing an additional 23,958 shares during the period. Everbridge comprises approximately 0.8% of Essex Investment Management Co. LLC’s investment portfolio, making the stock its 25th biggest position. Essex Investment Management Co. LLC’s holdings in Everbridge were worth $6,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its stake in Everbridge by 31.9% during the third quarter. New York State Common Retirement Fund now owns 64,463 shares of the technology company’s stock worth $1,703,000 after purchasing an additional 15,603 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Everbridge during the second quarter worth $288,000. Granahan Investment Management Inc. MA bought a new stake in Everbridge during the third quarter worth $5,296,000. JPMorgan Chase & Co. bought a new stake in Everbridge during the third quarter worth $845,000. Finally, Gagnon Securities LLC lifted its stake in Everbridge by 45.2% during the third quarter. Gagnon Securities LLC now owns 317,971 shares of the technology company’s stock worth $8,401,000 after purchasing an additional 98,912 shares during the last quarter. Hedge funds and other institutional investors own 65.90% of the company’s stock.

Everbridge Inc (NASDAQ EVBG) opened at $30.00 on Tuesday. Everbridge Inc has a 12 month low of $16.63 and a 12 month high of $33.85. The company has a market capitalization of $912.63, a price-to-earnings ratio of -52.33 and a beta of 1.67.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported ($0.02) EPS for the quarter, beating the Zacks’ 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 company had revenue of $27.31 million during the quarter, compared to analysts’ expectations of $26.41 million. During the same period in the prior year, the company earned ($0.07) EPS. Everbridge’s revenue was up 37.0% compared to the same quarter last year. equities analysts expect that Everbridge Inc will post -0.55 EPS for the current year.

In other news, SVP Elliot J. Mark sold 1,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $27.76, for a total value of $27,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Elliot J. Mark sold 2,500 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $32.78, for a total value of $81,950.00. The disclosure for this sale can be found here. Insiders sold a total of 150,328 shares of company stock valued at $4,192,164 over the last quarter. 41.40% of the stock is owned by corporate insiders.

EVBG has been the subject of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and set a $30.00 target price (up from $26.50) on shares of Everbridge in a research note on Friday, November 17th. BidaskClub cut Everbridge from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, November 10th. Northland Securities reiterated a “buy” rating and issued a $33.00 price target on shares of Everbridge in a research note on Friday, November 10th. Finally, William Blair reiterated a “buy” rating on shares of Everbridge in a research note on Tuesday, December 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. Everbridge presently has a consensus rating of “Buy” and an average price target of $32.11.

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Everbridge 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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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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