Signaturefd LLC Purchases 1,005 Shares of Everbridge, Inc. (NASDAQ:EVBG)

Signaturefd LLC lifted its position in shares of Everbridge, Inc. (NASDAQ:EVBG – Get Rating) by 571.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,181 shares of the technology company’s stock after purchasing an additional 1,005 shares during the period. Signaturefd LLC’s holdings in Everbridge were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EVBG. Commonwealth Equity Services LLC increased its stake in Everbridge by 39.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,171 shares of the technology company’s stock worth $280,000 after acquiring an additional 1,178 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Everbridge by 8.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 24,334 shares of the technology company’s stock worth $1,638,000 after acquiring an additional 1,904 shares during the period. Astrantus Ltd bought a new position in Everbridge during the 4th quarter worth $426,000. Assenagon Asset Management S.A. increased its stake in Everbridge by 1,092.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 165,783 shares of the technology company’s stock worth $11,162,000 after acquiring an additional 151,885 shares during the period. Finally, Horrell Capital Management Inc. bought a new position in Everbridge during the 4th quarter worth $1,347,000. Institutional investors own 97.63% of the company’s stock.

Insider Activity

In other news, CEO Vernon Irvin sold 794 shares of the business’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $43.11, for a total value of $34,229.34. Following the transaction, the chief executive officer now directly owns 2,378 shares of the company’s stock, valued at approximately $102,515.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Vernon Irvin sold 794 shares of the business’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $43.11, for a total value of $34,229.34. Following the completion of the sale, the chief executive officer now directly owns 2,378 shares of the company’s stock, valued at approximately $102,515.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ajay Nigam sold 3,316 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $39.29, for a total value of $130,285.64. Following the completion of the sale, the insider now directly owns 15,140 shares of the company’s stock, valued at $594,850.60. The disclosure for this sale can be found here. Insiders have sold 4,839 shares of company stock valued at $195,628 in the last ninety days. 0.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EVBG. Stifel Nicolaus decreased their price target on Everbridge from $40.00 to $32.00 in a research note on Monday. StockNews.com lowered Everbridge from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Barclays reiterated a “maintains” rating on shares of Everbridge in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.43.

Everbridge Stock Up 0.2 %

Shares of EVBG opened at $26.70 on Friday. The company has a market capitalization of $1.06 billion, a PE ratio of -11.17 and a beta of 1.01. Everbridge, Inc. has a 12 month low of $24.68 and a 12 month high of $167.40. The stock’s 50-day moving average price is $32.57 and its two-hundred day moving average price is $40.90. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 2.63.

Everbridge (NASDAQ:EVBG – Get Rating) last announced its earnings results on Monday, May 9th. The technology company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.73) by $0.56. The firm had revenue of $100.38 million for the quarter, compared to the consensus estimate of $98.82 million. Everbridge had a negative return on equity of 9.28% and a negative net margin of 23.82%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) EPS. On average, analysts anticipate that Everbridge, Inc. will post -1.55 EPS for the current year.

About Everbridge

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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.