Motley Fool Asset Management LLC Has $1.10 Million Position in Everbridge, Inc. (NASDAQ:EVBG)

Motley Fool Asset Management LLC lessened its stake in shares of Everbridge, Inc. (NASDAQ:EVBG) by 65.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,406 shares of the technology company’s stock after selling 85,289 shares during the period. Motley Fool Asset Management LLC owned 0.11% of Everbridge worth $1,104,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Steph & Co. increased 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 period. Y.D. More Investments Ltd boosted its stake in Everbridge by 10.2% during the third quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company’s stock worth $135,000 after buying an additional 529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Everbridge by 37.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock valued at $183,000 after buying an additional 2,225 shares during the period. Syon Capital LLC acquired a new position in shares of Everbridge in the 4th quarter valued at $219,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Everbridge during the 3rd quarter worth about $223,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on EVBG shares. Canaccord Genuity Group increased 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. Truist Financial boosted their price target on Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a research note on Monday, March 4th. William Blair lowered Everbridge from an “outperform” rating to a “market perform” rating in a research note on Monday, February 5th. Robert W. Baird boosted their target price on shares of Everbridge from $21.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, February 6th. Finally, StockNews.com initiated coverage on shares of Everbridge in a report on Friday, April 19th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.00.

Everbridge Price Performance

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

Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm 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%. As a group, equities analysts predict that Everbridge, Inc. will post 0.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Everbridge

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

About Everbridge

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.