Schwab Charles Investment Management Inc. boosted its holdings in shares of Everbridge Inc (NASDAQ:EVBG) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 65,971 shares of the technology company’s stock after purchasing an additional 3,499 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.23% of Everbridge worth $1,743,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in EVBG. Legal & General Group Plc boosted its stake in Everbridge by 196.3% during the 2nd quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,885 shares during the period. Nationwide Fund Advisors boosted its stake in Everbridge by 210.1% during the 2nd quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after purchasing an additional 6,497 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Everbridge during the 2nd quarter valued at approximately $288,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Everbridge during the 3rd quarter valued at approximately $329,000. Finally, Alliancebernstein L.P. bought a new stake in Everbridge during the 2nd quarter valued at approximately $331,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.
Shares of Everbridge Inc (NASDAQ EVBG) opened at $32.76 on Friday. Everbridge Inc has a 52-week low of $16.63 and a 52-week high of $33.23.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, November 6th. The technology company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The company had revenue of $27.31 million during the quarter, compared to the consensus estimate of $26.41 million. During the same quarter last year, the company earned ($0.07) EPS. The company’s quarterly revenue was up 37.0% on a year-over-year basis. research analysts predict that Everbridge Inc will post -0.55 EPS for the current fiscal year.
In other Everbridge news, CFO Kenneth S. Goldman sold 816 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $32.06, for a total value of $26,160.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Imad Mouline sold 22,900 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $31.73, for a total value of $726,617.00. The disclosure for this sale can be found here. Insiders sold a total of 157,828 shares of company stock valued at $4,379,114 in the last quarter. Corporate insiders own 41.40% of the company’s stock.
EVBG has been the subject of several recent analyst reports. Credit Suisse Group restated an “outperform” rating and set a $30.00 target price (up previously from $26.50) on shares of Everbridge in a research note on Friday, November 17th. BidaskClub downgraded Everbridge from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, November 10th. Northland Securities restated a “buy” rating and set a $33.00 target price on shares of Everbridge in a research note on Friday, November 10th. Finally, William Blair restated a “buy” rating on shares of Everbridge in a research note on Tuesday, December 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. Everbridge currently has a consensus rating of “Buy” and a consensus price target of $32.11.
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Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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.
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