Landsberg Bennett & Dubbaneh LLC lessened its stake in Everbridge Inc (NASDAQ:EVBG) by 26.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,544 shares of the technology company’s stock after selling 9,357 shares during the quarter. Landsberg Bennett & Dubbaneh LLC owned about 0.08% of Everbridge worth $2,391,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVBG. Victory Capital Management Inc. purchased a new position in shares of Everbridge during the 1st quarter valued at approximately $27,484,000. Assenagon Asset Management S.A. purchased a new position in shares of Everbridge during the 1st quarter valued at approximately $10,520,000. Federated Investors Inc. PA boosted its stake in shares of Everbridge by 78.4% during the 1st quarter. Federated Investors Inc. PA now owns 308,699 shares of the technology company’s stock valued at $23,155,000 after buying an additional 135,699 shares during the last quarter. Carillon Tower Advisers Inc. purchased a new position in shares of Everbridge during the 1st quarter valued at approximately $9,848,000. Finally, Eagle Asset Management Inc. purchased a new position in shares of Everbridge during the 1st quarter valued at approximately $9,848,000. Hedge funds and other institutional investors own 97.41% of the company’s stock.
In other Everbridge news, SVP Elliot J. Mark sold 1,609 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $75.00, for a total value of $120,675.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jaime Wallace Ellertson sold 277,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $81.45, for a total value of $22,561,650.00. The disclosure for this sale can be found here. Insiders sold 429,925 shares of company stock worth $35,605,056 over the last ninety days. 2.20% of the stock is owned by corporate insiders.
Shares of EVBG stock traded up $3.59 on Friday, hitting $102.51. 474,316 shares of the stock traded hands, compared to its average volume of 513,792. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.52. The company has a market cap of $3.33 billion, a P/E ratio of -71.69 and a beta of 0.83. Everbridge Inc has a 1-year low of $41.94 and a 1-year high of $103.37. The stock’s fifty day moving average is $92.13.
Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, May 6th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.09. The business had revenue of $42.82 million for the quarter, compared to analyst estimates of $42.23 million. Everbridge had a negative return on equity of 52.04% and a negative net margin of 30.93%. The business’s revenue was up 40.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.17) EPS. On average, analysts predict that Everbridge Inc will post -1.41 earnings per share for the current fiscal year.
Several research firms have recently commented on EVBG. Credit Suisse Group cut COCA COLA AMATI/ADR from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 20th. KeyCorp increased their target price on Paylocity from $106.00 to $112.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Canaccord Genuity reduced their target price on from GBX 130 ($1.70) to GBX 85 ($1.11) and set a “buy” rating for the company in a research note on Friday, June 21st. Stifel Nicolaus increased their target price on Everbridge from $91.00 to $100.00 in a research note on Thursday, June 20th. Finally, Robert W. Baird initiated coverage on TAIWAN LIPOSOME/S in a research note on Thursday, June 20th. They set an “outperform” rating for the company. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $94.42.
Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that 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 that 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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