Maryland Capital Management lessened its holdings in shares of Everbridge Inc (NASDAQ:EVBG) by 6.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,306 shares of the technology company’s stock after selling 2,435 shares during the period. Maryland Capital Management owned 0.11% of Everbridge worth $1,920,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Everbridge by 10.4% during the 3rd quarter. BlackRock Inc. now owns 1,767,668 shares of the technology company’s stock valued at $101,889,000 after buying an additional 166,756 shares during the last quarter. Light Street Capital Management LLC acquired a new position in Everbridge during the 2nd quarter valued at about $33,008,000. Brown Advisory Inc. boosted its stake in Everbridge by 2.8% during the 3rd quarter. Brown Advisory Inc. now owns 575,911 shares of the technology company’s stock valued at $33,196,000 after purchasing an additional 15,724 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in Everbridge by 1.5% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 502,675 shares of the technology company’s stock valued at $28,974,000 after purchasing an additional 7,293 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in Everbridge by 18.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 315,768 shares of the technology company’s stock valued at $14,974,000 after purchasing an additional 50,186 shares during the period. 92.40% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Everbridge from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. BidaskClub lowered shares of Everbridge from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, William Blair reissued an “outperform” rating on shares of Everbridge in a research note on Tuesday, November 6th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $54.20.
Everbridge stock opened at $54.77 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 1.95. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -96.09 and a beta of 1.59. Everbridge Inc has a 52-week low of $23.87 and a 52-week high of $63.00.
Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Monday, November 5th. The technology company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.05. The company had revenue of $38.90 million during the quarter, compared to analyst estimates of $38.09 million. Everbridge had a negative net margin of 32.34% and a negative return on equity of 70.30%. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) EPS. Equities analysts forecast that Everbridge Inc will post -1.44 EPS for the current fiscal year.
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Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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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