Everbridge, Inc. (NASDAQ:EVBG) Shares Acquired by Arizona State Retirement System

Arizona State Retirement System raised its stake in shares of Everbridge, Inc. (NASDAQ:EVBG – Get Rating) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,211 shares of the technology company’s stock after purchasing an additional 466 shares during the period. Arizona State Retirement System’s holdings in Everbridge were worth $332,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in shares of Everbridge by 6.2% in the 1st quarter. Hsbc Holdings PLC now owns 5,220 shares of the technology company’s stock worth $229,000 after buying an additional 305 shares during the period. Signaturefd LLC boosted its holdings in Everbridge by 587.2% in the fourth quarter. Signaturefd LLC now owns 914 shares of the technology company’s stock valued at $27,000 after acquiring an additional 781 shares during the last quarter. Spouting Rock Asset Management LLC boosted its holdings in Everbridge by 11.9% in the third quarter. Spouting Rock Asset Management LLC now owns 8,390 shares of the technology company’s stock valued at $259,000 after acquiring an additional 892 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Everbridge by 11.1% in the fourth quarter. Raymond James Trust N.A. now owns 11,662 shares of the technology company’s stock valued at $345,000 after acquiring an additional 1,162 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Everbridge by 42.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,702 shares of the technology company’s stock valued at $205,000 after acquiring an additional 1,399 shares during the last quarter. Hedge funds and other institutional investors own 91.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EVBG. Stephens cut Everbridge from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $41.00 to $34.00 in a report on Friday, April 21st. Barclays cut their price objective on Everbridge from $32.00 to $27.00 in a research report on Wednesday, May 10th. Robert W. Baird cut their price objective on Everbridge from $34.00 to $28.00 in a research report on Wednesday, May 10th. Raymond James raised their price objective on Everbridge from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. Finally, Truist Financial cut their price objective on Everbridge from $32.00 to $27.00 in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.63.

Everbridge Stock Performance

Shares of EVBG stock opened at $23.86 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.71. The business has a 50 day moving average of $29.41 and a two-hundred day moving average of $30.49. Everbridge, Inc. has a 52 week low of $22.76 and a 52 week high of $43.67. The company has a market cap of $967.52 million, a P/E ratio of -12.05, a PEG ratio of 2.86 and a beta of 0.82.

Everbridge (NASDAQ:EVBG – Get Rating) last issued its earnings results on Tuesday, May 9th. The technology company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.15. Everbridge had a negative return on equity of 3.52% and a negative net margin of 12.90%. The company had revenue of $108.27 million during the quarter, compared to the consensus estimate of $106.39 million. As a group, analysts anticipate that Everbridge, Inc. will post 0.18 EPS for the current year.

Insider Buying and Selling at Everbridge

In related news, CFO Patrick Brickley sold 1,554 shares of the company’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $25.77, for a total value of $40,046.58. Following the completion of the sale, the chief financial officer now directly owns 123,086 shares in the company, valued at $3,171,926.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.56% of the company’s stock.

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.