Harber Asset Management LLC Has $13.49 Million Stock Position in Everbridge, Inc. (NASDAQ:EVBG)

Harber Asset Management LLC raised its position in shares of Everbridge, Inc. (NASDAQ:EVBG) by 49.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554,932 shares of the technology company’s stock after purchasing an additional 183,471 shares during the period. Everbridge makes up approximately 3.1% of Harber Asset Management LLC’s investment portfolio, making the stock its 14th biggest position. Harber Asset Management LLC owned 1.35% of Everbridge worth $13,490,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Everbridge during the fourth quarter worth $757,000. Deutsche Bank AG increased its holdings in shares of Everbridge by 43.9% during the third quarter. Deutsche Bank AG now owns 148,672 shares of the technology company’s stock worth $3,333,000 after buying an additional 45,384 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in shares of Everbridge by 20.1% during the third quarter. Kennedy Capital Management LLC now owns 38,944 shares of the technology company’s stock worth $873,000 after buying an additional 6,517 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Everbridge during the third quarter worth $1,663,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Everbridge during the fourth quarter worth $1,809,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Everbridge

In related news, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $34.84, for a total value of $116,504.96. Following the transaction, the insider now owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.44% of the company’s stock.

Analysts Set New Price Targets

EVBG has been the subject of a number of recent research reports. Robert W. Baird increased their price objective on Everbridge from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Canaccord Genuity Group increased their price objective on Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. Needham & Company LLC restated a “hold” rating on shares of Everbridge in a report on Monday, May 13th. Truist Financial increased their price objective on Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. Finally, StockNews.com initiated coverage on shares of Everbridge in a research report on Thursday. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, Everbridge currently has an average rating of “Hold” and an average price target of $29.75.

Everbridge Stock Up 0.1 %

Shares of EVBG stock traded up $0.02 on Monday, reaching $34.76. 383,272 shares of the company were exchanged, compared to its average volume of 955,829. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -22.28, a PEG ratio of 0.94 and a beta of 1.01. The company has a 50-day moving average of $34.80 and a 200-day moving average of $29.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72. Everbridge, Inc. has a one year low of $18.50 and a one year high of $36.31.

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

About Everbridge

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.