Swiss National Bank bought a new position in shares of Everbridge Inc (NASDAQ:EVBG) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 38,500 shares of the technology company’s stock, valued at approximately $1,144,000. Swiss National Bank owned 0.14% of Everbridge at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EVBG. Ironwood Investment Management LLC bought a new stake in Everbridge in the 4th quarter valued at about $226,000. Teacher Retirement System of Texas bought a new stake in Everbridge in the 4th quarter valued at about $234,000. Essex Investment Management Co. LLC raised its stake in Everbridge by 13.2% in the 4th quarter. Essex Investment Management Co. LLC now owns 204,776 shares of the technology company’s stock valued at $6,086,000 after acquiring an additional 23,958 shares during the period. Chicago Equity Partners LLC bought a new stake in Everbridge in the 4th quarter valued at about $1,261,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Everbridge by 12.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 74,246 shares of the technology company’s stock valued at $2,207,000 after acquiring an additional 8,275 shares during the period. Institutional investors own 80.01% of the company’s stock.
Everbridge Inc (EVBG) opened at $37.24 on Thursday. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.11 and a quick ratio of 0.95. Everbridge Inc has a twelve month low of $16.63 and a twelve month high of $38.78.
Everbridge (NASDAQ:EVBG) last posted its earnings results on Wednesday, February 21st. The technology company reported ($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The business had revenue of $29.18 million during the quarter, compared to analyst estimates of $28.49 million. Everbridge had a negative return on equity of 33.84% and a negative net margin of 18.82%. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) EPS. analysts predict that Everbridge Inc will post -1.43 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on EVBG. BidaskClub upgraded Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Canaccord Genuity boosted their price objective on Everbridge from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Credit Suisse Group restated an “outperform” rating and issued a $38.00 price objective (up from $37.00) on shares of Everbridge in a research note on Thursday, February 22nd. Bank of America restated a “buy” rating and issued a $38.00 price objective (up from $30.00) on shares of Everbridge in a research note on Thursday, February 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective (up from $32.00) on shares of Everbridge in a research note on Thursday, February 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.56.
In other Everbridge news, SVP Elliot J. Mark sold 958 shares of Everbridge stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $34.78, for a total transaction of $33,319.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Imad Mouline sold 6,986 shares of Everbridge stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $28.50, for a total value of $199,101.00. The disclosure for this sale can be found here. Insiders have sold a total of 54,028 shares of company stock valued at $1,670,778 in the last ninety days. Insiders own 41.40% of the company’s stock.
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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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