Motley Fool Asset Management LLC Sells 85,289 Shares of Everbridge, Inc. (NASDAQ:EVBG)

Motley Fool Asset Management LLC lowered its position in shares of Everbridge, Inc. (NASDAQ:EVBG) by 65.3% during the fourth quarter, HoldingsChannel reports. The fund owned 45,406 shares of the technology company’s stock after selling 85,289 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Everbridge were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVBG. Y.D. More Investments Ltd boosted its stake in shares of Everbridge by 10.2% during the third quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock valued at $135,000 after purchasing an additional 529 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Everbridge by 1.2% during the third quarter. Swiss National Bank now owns 89,200 shares of the technology company’s stock worth $2,000,000 after purchasing an additional 1,100 shares during the period. Steph & Co. grew its stake in shares of Everbridge by 48.4% in the third quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock worth $95,000 after purchasing an additional 1,384 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Everbridge by 37.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock valued at $183,000 after purchasing an additional 2,225 shares during the period. Finally, Principal Financial Group Inc. raised its position in Everbridge by 32.3% during the 3rd quarter. Principal Financial Group Inc. now owns 18,518 shares of the technology company’s stock worth $415,000 after purchasing an additional 4,526 shares during the last quarter. Institutional investors own 89.95% of the company’s stock.

Everbridge Stock Down 0.1 %

Shares of NASDAQ:EVBG traded down $0.02 during midday trading on Friday, hitting $34.88. 614,814 shares of the company’s stock were exchanged, compared to its average volume of 1,076,148. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. Everbridge, Inc. has a 12 month low of $18.50 and a 12 month high of $35.70. The stock has a 50 day moving average price of $33.57 and a 200-day moving average price of $26.26.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings data on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $115.76 million for the quarter, compared to the consensus estimate of $114.70 million. Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. Analysts anticipate that Everbridge, Inc. will post 0.78 EPS for the current year.

Insider Buying and Selling

In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $34.84, for a total transaction of $116,504.96. Following the transaction, the insider now directly owns 15,595 shares in the company, valued at approximately $543,329.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $34.84, for a total value of $116,504.96. Following the completion of the sale, the insider now directly owns 15,595 shares of the company’s stock, valued at approximately $543,329.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction of $144,944.40. Following the transaction, the chief financial officer now directly owns 124,985 shares in the company, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,747 shares of company stock worth $289,103. 0.56% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EVBG has been the topic of a number of analyst reports. Robert W. Baird upped their price target on Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Canaccord Genuity Group boosted their price target on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a research report on Monday, February 5th. StockNews.com started coverage on Everbridge in a research note on Friday, April 19th. They issued a “hold” rating on the stock. Finally, Raymond James reiterated a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. According to data from MarketBeat.com, Everbridge has a consensus rating of “Hold” and an average target price of $29.00.

Everbridge Profile

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables 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.