Wells Fargo & Company MN Acquires 5,946 Shares of Everbridge, Inc. (EVBG)
Wells Fargo & Company MN grew its holdings in Everbridge, Inc. (NASDAQ:EVBG) by 21.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,598 shares of the technology company’s stock after buying an additional 5,946 shares during the period. Wells Fargo & Company MN owned 0.12% of Everbridge worth $818,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of EVBG. Gagnon Advisors LLC acquired a new stake in shares of Everbridge in the second quarter valued at about $3,182,000. Russell Investments Group Ltd. raised its position in shares of Everbridge by 3,697.3% in the second quarter. Russell Investments Group Ltd. now owns 129,413 shares of the technology company’s stock valued at $3,153,000 after buying an additional 126,005 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Everbridge in the second quarter valued at about $2,706,000. Gilder Gagnon Howe & Co. LLC raised its position in shares of Everbridge by 13.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 714,858 shares of the technology company’s stock valued at $17,414,000 after buying an additional 85,932 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Everbridge by 67.8% in the second quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock valued at $4,840,000 after buying an additional 80,245 shares during the last quarter. Institutional investors and hedge funds own 51.93% of the company’s stock.
A number of brokerages have recently commented on EVBG. ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. KeyCorp reiterated a “buy” rating and issued a $27.00 target price on shares of Everbridge in a research report on Sunday, September 10th. Northland Securities began coverage on shares of Everbridge in a research report on Wednesday, August 30th. They issued an “outperform” rating and a $28.00 target price for the company. Zacks Investment Research cut shares of Everbridge from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Canaccord Genuity increased their target price on shares of Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Everbridge has a consensus rating of “Buy” and an average price target of $29.14.
Shares of Everbridge, Inc. (NASDAQ EVBG) opened at $26.38 on Tuesday. Everbridge, Inc. has a 12-month low of $13.77 and a 12-month high of $27.50.
Everbridge (NASDAQ:EVBG) last released its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. The firm had revenue of $27.31 million during the quarter, compared to analysts’ expectations of $26.41 million. During the same period last year, the business earned ($0.07) earnings per share. Everbridge’s revenue was up 37.0% compared to the same quarter last year. equities analysts predict that Everbridge, Inc. will post -0.64 earnings per share for the current year.
In other Everbridge news, SVP Gary R. Phillips sold 7,778 shares of Everbridge stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $22.88, for a total transaction of $177,960.64. Following the completion of the sale, the senior vice president now directly owns 1,045 shares in the company, valued at $23,909.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $524,384.64. Following the sale, the insider now owns 45,165 shares of the company’s stock, valued at $1,018,922.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,245 shares of company stock valued at $2,080,449. 41.40% of the stock is owned by company insiders.
Everbridge Company 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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