JPMorgan Chase & Co. Acquires New Holdings in Everbridge Inc (EVBG)

JPMorgan Chase & Co. acquired a new position in Everbridge Inc (NASDAQ:EVBG) in the third quarter, HoldingsChannel reports. The institutional investor acquired 32,226 shares of the technology company’s stock, valued at approximately $845,000.

A number of other large investors have also modified their holdings of EVBG. Schwab Charles Investment Management Inc. boosted its holdings in Everbridge by 124.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 62,472 shares of the technology company’s stock worth $1,522,000 after purchasing an additional 34,636 shares in the last quarter. Rhumbline Advisers bought a new stake in Everbridge in the second quarter worth $452,000. Bank of New York Mellon Corp boosted its holdings in Everbridge by 67.8% in the second quarter. Bank of New York Mellon Corp now owns 198,687 shares of the technology company’s stock worth $4,840,000 after purchasing an additional 80,245 shares in the last quarter. Legal & General Group Plc boosted its holdings in Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,885 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Everbridge by 21.5% in the second quarter. Wells Fargo & Company MN now owns 33,598 shares of the technology company’s stock worth $818,000 after purchasing an additional 5,946 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday, November 10th. Northland Securities reiterated a “buy” rating and issued a $33.00 price objective on shares of Everbridge in a report on Friday, November 10th. Needham & Company LLC upped their price objective on shares of Everbridge from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp upped their price objective on shares of Everbridge from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. Everbridge currently has a consensus rating of “Buy” and a consensus price target of $31.33.

Everbridge Inc (NASDAQ:EVBG) opened at $32.24 on Friday. Everbridge Inc has a 52-week low of $16.63 and a 52-week high of $32.25.

Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The firm had revenue of $27.31 million during the quarter, compared to analyst estimates of $26.41 million. Everbridge had a negative net margin of 17.10% and a negative return on equity of 29.44%. The business’s revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) EPS. equities analysts predict that Everbridge Inc will post -0.55 earnings per share for the current year.

In other news, SVP Elliot J. Mark sold 2,500 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $30.79, for a total transaction of $76,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott Burnett sold 9,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $26.91, for a total transaction of $242,190.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,253 shares of company stock valued at $4,167,996. Company insiders own 41.40% of the company’s stock.

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Everbridge 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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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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