Everbridge, Inc. (NASDAQ:EVBG) Holdings Lowered by Raymond James & Associates

Raymond James & Associates lessened its holdings in Everbridge, Inc. (NASDAQ:EVBG) by 35.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,019 shares of the technology company’s stock after selling 33,345 shares during the quarter. Raymond James & Associates’ holdings in Everbridge were worth $1,459,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EVBG. PNC Financial Services Group Inc. boosted 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 worth $25,000 after acquiring an additional 491 shares during the period. State of Wyoming purchased a new stake in shares of Everbridge in the fourth quarter worth approximately $28,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of Everbridge during the fourth quarter worth approximately $45,000. Point72 Middle East FZE purchased a new position in Everbridge during the fourth quarter valued at approximately $49,000. Finally, Point72 Hong Kong Ltd acquired a new position in Everbridge in the 1st quarter valued at approximately $90,000. 89.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $22.79, for a total transaction of $144,944.40. Following the completion of the sale, the chief financial officer now directly owns 124,985 shares in the company, valued at $2,848,408.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $34.84, for a total transaction of $116,504.96. Following the transaction, the insider now owns 15,595 shares of the company’s stock, valued at $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 124,985 shares of the company’s stock, valued at $2,848,408.15. 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. 0.56% of the stock is currently owned by company insiders.

Everbridge Price Performance

Shares of EVBG stock opened at $34.88 on Friday. The stock’s 50 day simple moving average is $32.90 and its 200 day simple moving average is $25.82. Everbridge, Inc. has a twelve month low of $18.50 and a twelve month high of $35.70. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.39, a PEG ratio of 0.94 and a beta of 0.96.

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

Analyst Ratings Changes

A number of brokerages have issued reports on EVBG. Wells Fargo & Company raised shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Robert W. Baird lifted their price objective on Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Raymond James reaffirmed a “market perform” rating on shares of Everbridge in a research report on Wednesday, February 7th. William Blair downgraded Everbridge from an “outperform” rating to a “market perform” rating in a research note on Monday, February 5th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.00.

Everbridge Company 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.