Legal & General Group Plc grew its position in Everbridge Inc (NASDAQ:EVBG) by 17.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,045 shares of the technology company’s stock after purchasing an additional 736 shares during the period. Legal & General Group Plc’s holdings in Everbridge were worth $287,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of EVBG. Bank of Montreal Can boosted its stake in shares of Everbridge by 281.6% in the 4th quarter. Bank of Montreal Can now owns 706 shares of the technology company’s stock valued at $40,000 after purchasing an additional 521 shares in the last quarter. Resources Investment Advisors Inc. lifted its position in Everbridge by 32.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,029 shares of the technology company’s stock worth $115,000 after buying an additional 500 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Everbridge during the 3rd quarter worth about $210,000. First Hawaiian Bank acquired a new position in Everbridge during the 4th quarter worth about $213,000. Finally, Jane Street Group LLC acquired a new position in Everbridge during the 3rd quarter worth about $239,000. Institutional investors own 88.52% of the company’s stock.
NASDAQ:EVBG traded up $1.10 on Wednesday, hitting $82.55. 440,833 shares of the stock were exchanged, compared to its average volume of 476,946. The stock has a market capitalization of $2.70 billion, a P/E ratio of -57.73 and a beta of 0.93. Everbridge Inc has a 52 week low of $41.94 and a 52 week high of $85.14. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.52.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, May 6th. The technology company reported ($0.39) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.09. The firm had revenue of $42.82 million during the quarter, compared to analysts’ expectations of $42.23 million. Everbridge had a negative return on equity of 52.04% and a negative net margin of 30.93%. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.17) EPS. As a group, equities analysts predict that Everbridge Inc will post -1.41 EPS for the current year.
Several brokerages recently issued reports on EVBG. BidaskClub upgraded shares of Everbridge from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 8th. SunTrust Banks upped their price target on shares of Everbridge to $87.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Bank of America reiterated a “buy” rating and set a $85.00 price target (up previously from $78.00) on shares of Everbridge in a research report on Tuesday, May 7th. Credit Suisse Group upped their price target on shares of Everbridge from $72.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Finally, Raymond James upped their price target on shares of Everbridge from $70.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 7th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Everbridge presently has an average rating of “Buy” and an average target price of $76.00.
In other Everbridge news, SVP Elliot J. Mark sold 1,609 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $75.00, for a total transaction of $120,675.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP James Totton sold 21,875 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $72.57, for a total value of $1,587,468.75. The disclosure for this sale can be found here. Insiders have sold a total of 73,865 shares of company stock valued at $5,549,264 over the last three months. Company insiders own 2.20% of the company’s stock.
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Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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