Raymond James Financial Services Advisors Inc. Invests $757,000 in Everbridge, Inc. (NASDAQ:EVBG)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Everbridge, Inc. (NASDAQ:EVBG) during the 4th quarter, Holdings Channel reports. The fund acquired 31,125 shares of the technology company’s stock, valued at approximately $757,000.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Everbridge by 140.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company’s stock valued at $25,000 after purchasing an additional 491 shares during the last quarter. State of Wyoming purchased a new stake in Everbridge during the 4th quarter valued at about $28,000. Coppell Advisory Solutions Corp. purchased a new stake in Everbridge during the 4th quarter valued at about $45,000. Point72 Middle East FZE purchased a new stake in Everbridge during the 4th quarter valued at about $49,000. Finally, Tower Research Capital LLC TRC grew its position in Everbridge by 141.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,864 shares of the technology company’s stock valued at $64,000 after purchasing an additional 1,676 shares during the last quarter. 89.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Everbridge

In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total transaction of $144,944.40. Following the sale, the chief financial officer now owns 124,985 shares in the company, valued at approximately $2,848,408.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total transaction of $144,944.40. Following the sale, the chief financial officer now owns 124,985 shares in the company, valued at approximately $2,848,408.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the sale, the insider now owns 15,595 shares in the company, valued at approximately $543,329.80. The disclosure for this sale can be found here. Insiders have sold 10,747 shares of company stock worth $289,103 in the last quarter. Company insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Wells Fargo & Company raised shares of Everbridge from an “underweight” rating to an “equal weight” rating in a report on Tuesday, February 6th. William Blair downgraded shares of Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a report on Monday, February 5th. Finally, Canaccord Genuity Group raised their price target on shares of Everbridge from $28.60 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.00.

Everbridge Price Performance

Shares of NASDAQ:EVBG opened at $34.87 on Wednesday. The firm’s 50 day moving average price is $32.63 and its 200-day moving average price is $25.70. Everbridge, Inc. has a twelve month low of $18.50 and a twelve month high of $35.70. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.45 billion, a PE ratio of -24.38, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. The business had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. Equities research analysts expect that Everbridge, Inc. will post 0.78 EPS for the current year.

Everbridge Profile

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.