SG Americas Securities LLC Reduces Holdings in Everbridge, Inc. (NASDAQ:EVBG)

SG Americas Securities LLC decreased its position in shares of Everbridge, Inc. (NASDAQ:EVBGGet Rating) by 97.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,993 shares of the technology company’s stock after selling 138,291 shares during the period. SG Americas Securities LLC’s holdings in Everbridge were worth $111,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc purchased a new stake in Everbridge during the 1st quarter worth $27,000. Signaturefd LLC increased its position in shares of Everbridge by 571.0% in the 1st quarter. Signaturefd LLC now owns 1,181 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,005 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Everbridge in the 1st quarter worth about $90,000. MetLife Investment Management LLC bought a new stake in shares of Everbridge in the 1st quarter worth about $111,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Everbridge by 375.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,326 shares of the technology company’s stock worth $145,000 after purchasing an additional 2,626 shares during the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.

Insiders Place Their Bets

In other Everbridge news, EVP Vernon Irvin sold 4,443 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $27.85, for a total transaction of $123,737.55. Following the sale, the executive vice president now directly owns 22,501 shares in the company, valued at approximately $626,652.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 8,061 shares of company stock worth $236,307. 0.44% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on EVBG. Stifel Nicolaus boosted their target price on shares of Everbridge from $32.00 to $38.00 and gave the stock a “hold” rating in a research report on Friday, August 26th. StockNews.com raised shares of Everbridge from a “sell” rating to a “hold” rating in a research report on Monday, November 7th. Canaccord Genuity Group dropped their target price on shares of Everbridge from $55.00 to $40.00 in a research report on Wednesday, November 9th. Truist Financial lifted their price target on shares of Everbridge from $31.00 to $38.00 and gave the company a “hold” rating in a report on Tuesday, August 30th. Finally, Raymond James decreased their price target on shares of Everbridge from $38.00 to $32.00 and set an “outperform” rating for the company in a report on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.92.

Everbridge Trading Up 1.0 %

Everbridge stock opened at $33.27 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 3.31. The firm has a 50-day moving average price of $32.17 and a two-hundred day moving average price of $33.72. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -14.99 and a beta of 0.77. Everbridge, Inc. has a 52-week low of $24.10 and a 52-week high of $132.35.

Everbridge (NASDAQ:EVBGGet Rating) last posted its earnings results on Tuesday, November 8th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.12. Everbridge had a negative net margin of 21.04% and a negative return on equity of 8.37%. The firm had revenue of $111.40 million during the quarter, compared to analyst estimates of $110.69 million. Sell-side analysts expect that Everbridge, Inc. will post -0.68 earnings per share for the current year.

Everbridge Company Profile

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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.

See Also

Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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