Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Everbridge, Inc. (NASDAQ:EVBG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 12,448 shares of the technology company’s stock, valued at approximately $329,000.
Other large investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased 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 in the last quarter. American International Group Inc. bought a new stake in Everbridge during the 1st quarter valued at about $108,000. Fortaleza Asset Management Inc. bought a new stake in Everbridge during the 2nd quarter valued at about $166,000. Nationwide Fund Advisors increased 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Everbridge during the 2nd quarter valued at about $288,000. Institutional investors and hedge funds own 51.15% of the company’s stock.
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In other Everbridge news, insider Joel Rosen sold 1,900 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $27.50, for a total value of $52,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gary R. Phillips sold 15,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.04, for a total transaction of $330,600.00. Following the completion of the transaction, the senior vice president now owns 1,045 shares of the company’s stock, valued at $23,031.80. The disclosure for this sale can be found here. Insiders sold 112,045 shares of company stock valued at $2,651,013 over the last quarter. 41.40% of the stock is currently owned by corporate insiders.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. The business had revenue of $25.00 million during the quarter, compared to the consensus estimate of $24.49 million. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. The firm’s quarterly revenue was up 34.4% compared to the same quarter last year.
A number of research firms have weighed in on EVBG. ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. KeyCorp restated a “buy” rating and set a $27.00 price objective on shares of Everbridge in a research note on Sunday, September 10th. Northland Securities began coverage on shares of Everbridge in a research note on Wednesday, August 30th. They set an “outperform” rating and a $28.00 price objective for the company. Zacks Investment Research lowered shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Canaccord Genuity raised their price objective on shares of Everbridge from $27.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $29.14.
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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