Two Sigma Investments LP trimmed its holdings in Everbridge Inc (NASDAQ:EVBG) by 93.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,100 shares of the technology company’s stock after selling 120,154 shares during the period. Two Sigma Investments LP’s holdings in Everbridge were worth $517,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mackay Shields LLC purchased a new stake in Everbridge during the 4th quarter worth approximately $352,000. Intrinsic Edge Capital Management LLC purchased a new stake in Everbridge during the 4th quarter worth approximately $10,334,000. Polar Capital LLP increased its holdings in Everbridge by 52.6% during the 4th quarter. Polar Capital LLP now owns 700,538 shares of the technology company’s stock worth $39,763,000 after purchasing an additional 241,458 shares during the last quarter. Geode Capital Management LLC increased its holdings in Everbridge by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 302,277 shares of the technology company’s stock worth $17,156,000 after purchasing an additional 21,656 shares during the last quarter. Finally, Resources Investment Advisors Inc. increased its holdings in Everbridge by 32.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,029 shares of the technology company’s stock worth $115,000 after purchasing an additional 500 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:EVBG opened at $72.07 on Thursday. Everbridge Inc has a 12-month low of $35.97 and a 12-month high of $76.60. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 2.23.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Thursday, February 21st. The technology company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.29) by $0.01. Everbridge had a negative return on equity of 81.85% and a negative net margin of 32.30%. The business had revenue of $41.83 million during the quarter, compared to analyst estimates of $41.04 million. On average, sell-side analysts forecast that Everbridge Inc will post -1.48 EPS for the current year.

In other Everbridge news, SVP Imad Mouline sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $53.73, for a total transaction of $161,190.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James Totton sold 20,916 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $62.52, for a total value of $1,307,668.32. The disclosure for this sale can be found here. Insiders have sold a total of 64,791 shares of company stock valued at $3,984,594 in the last quarter. 11.20% of the stock is currently owned by insiders.

Several research firms have issued reports on EVBG. Zacks Investment Research upgraded Everbridge from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Canaccord Genuity boosted their price objective on Everbridge from $57.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. SunTrust Banks boosted their price objective on Everbridge to $73.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Needham & Company LLC boosted their price objective on Everbridge to $75.00 and gave the company a “buy” rating in a research report on Wednesday, February 20th. Finally, Robert W. Baird boosted their price objective on Everbridge from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Everbridge presently has an average rating of “Buy” and an average target price of $62.77.

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Everbridge Company Profile

Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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