Everbridge, Inc. (NASDAQ:EVBG) Shares Sold by Armistice Capital LLC

Armistice Capital LLC trimmed its position in shares of Everbridge, Inc. (NASDAQ:EVBG) by 26.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 856,000 shares of the technology company’s stock after selling 308,000 shares during the quarter. Armistice Capital LLC owned approximately 2.08% of Everbridge worth $20,809,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EVBG. Vanguard Group Inc. boosted its stake in Everbridge by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,797,576 shares of the technology company’s stock worth $129,982,000 after purchasing an additional 164,788 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Everbridge by 0.7% during the 3rd quarter. Clearbridge Investments LLC now owns 2,027,344 shares of the technology company’s stock valued at $45,453,000 after acquiring an additional 13,200 shares during the last quarter. Lead Edge Capital Management LLC purchased a new stake in Everbridge in the 3rd quarter valued at about $18,568,000. First Eagle Investment Management LLC raised its holdings in Everbridge by 29.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 428,083 shares of the technology company’s stock valued at $9,598,000 after buying an additional 96,621 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Everbridge by 12.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 416,389 shares of the technology company’s stock worth $10,122,000 after purchasing an additional 46,695 shares during the period. 89.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on EVBG. Robert W. Baird boosted their price target on shares of Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Wells Fargo & Company upgraded shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Canaccord Genuity Group upped their target price on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. Raymond James restated a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Everbridge in a research note on Monday, May 13th. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.75.

Everbridge Stock Down 0.0 %

EVBG traded down $0.01 on Wednesday, reaching $34.75. The company’s stock had a trading volume of 132,286 shares, compared to its average volume of 967,411. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -22.28, a P/E/G ratio of 0.94 and a beta of 1.01. Everbridge, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $36.31. The stock has a 50 day moving average of $34.81 and a two-hundred day moving average of $29.14. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.03.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.21). Everbridge had a negative net margin of 11.67% and a positive return on equity of 5.26%. The firm had revenue of $111.43 million during the quarter, compared to analyst estimates of $111.90 million. As a group, analysts forecast that Everbridge, Inc. will post 0.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Bryan Reed Barney sold 3,344 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the completion of the sale, the insider now directly owns 15,595 shares of the company’s stock, valued at $543,329.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Everbridge Company Profile

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.