Everbridge, Inc. (EVBG) Shares Sold by Gilder Gagnon Howe & Co. LLC
Gilder Gagnon Howe & Co. LLC decreased its holdings in Everbridge, Inc. (NASDAQ:EVBG) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 698,120 shares of the technology company’s stock after selling 16,738 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 2.48% of Everbridge worth $18,444,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in EVBG. Bank of New York Mellon Corp lifted its stake in Everbridge by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock worth $2,432,000 after acquiring an additional 325 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Everbridge by 6.5% in the first quarter. Parametric Portfolio Associates LLC now owns 19,687 shares of the technology company’s stock worth $404,000 after acquiring an additional 1,199 shares during the period. American International Group Inc. purchased a new stake in Everbridge in the first quarter worth $108,000. TIAA CREF Investment Management LLC lifted its stake in Everbridge by 45.9% in the first quarter. TIAA CREF Investment Management LLC now owns 21,204 shares of the technology company’s stock worth $435,000 after acquiring an additional 6,672 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Everbridge by 11.6% in 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 during the period. 54.44% of the stock is owned by institutional investors.
A number of research firms have issued reports on EVBG. Northland Securities reiterated a “buy” rating and issued a $33.00 price objective on shares of Everbridge in a report on Friday. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday. Credit Suisse Group increased their price objective on Everbridge from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, November 7th. KeyCorp raised their price target on Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Finally, Canaccord Genuity restated a “buy” rating and set a $33.00 price target (up from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.00.
In other news, SVP Gary R. Phillips sold 7,778 shares of Everbridge stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $22.88, for a total transaction of $177,960.64. Following the transaction, the senior vice president now directly owns 1,045 shares of the company’s stock, valued at approximately $23,909.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider R William Burgess, Jr. sold 23,244 shares of Everbridge stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $22.56, for a total value of $524,384.64. Following the transaction, the insider now directly owns 45,165 shares in the company, valued at $1,018,922.40. The disclosure for this sale can be found here. Insiders sold 80,751 shares of company stock worth $2,010,269 over the last three months. Insiders own 41.40% of the company’s stock.
Everbridge, Inc. (NASDAQ EVBG) traded up $0.64 during trading on Tuesday, hitting $28.68. The company had a trading volume of 299,700 shares, compared to its average volume of 217,837. Everbridge, Inc. has a 12 month low of $14.26 and a 12 month high of $29.64.
Everbridge (NASDAQ:EVBG) last announced 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. The business had revenue of $27.31 million for the quarter, compared to analysts’ expectations of $26.41 million. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The business’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the firm posted ($0.07) earnings per share. research analysts predict that Everbridge, Inc. will post -0.55 EPS for the current fiscal year.
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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