Vanguard Group Inc. Increases Holdings in Everbridge, Inc. (NASDAQ:EVBG)

Vanguard Group Inc. grew its position in Everbridge, Inc. (NASDAQ:EVBG - Free Report) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,797,576 shares of the technology company's stock after purchasing an additional 164,788 shares during the quarter. Vanguard Group Inc. owned approximately 14.12% of Everbridge worth $129,982,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings in shares of Everbridge by 140.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 841 shares of the technology company's stock valued at $25,000 after buying an additional 491 shares during the last quarter. State of Wyoming acquired a new position in shares of Everbridge in the 4th quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Everbridge in the 4th quarter valued at approximately $45,000. Point72 Middle East FZE acquired a new position in Everbridge during the 4th quarter worth approximately $49,000. Finally, Tower Research Capital LLC TRC boosted its position in Everbridge by 141.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,864 shares of the technology company's stock worth $64,000 after acquiring an additional 1,676 shares during the last quarter. Institutional investors own 89.95% of the company's stock.

Everbridge Stock Performance

Everbridge stock traded down $0.06 during mid-day trading on Wednesday, hitting $34.84. 405,174 shares of the company's stock traded hands, compared to its average volume of 1,206,454. The firm has a 50 day simple moving average of $30.68 and a two-hundred day simple moving average of $24.93. Everbridge, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $35.70. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -24.36, a P/E/G ratio of 0.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74.

Everbridge (NASDAQ:EVBG - Get Free Report) last announced its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. The business had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. On average, research analysts expect that Everbridge, Inc. will post 0.78 EPS for the current fiscal year.

Insider Transactions at Everbridge

In other news, insider Bryan Reed Barney sold 3,344 shares of Everbridge 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 completion of the sale, the insider now owns 15,595 shares of the company's stock, valued at $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Bryan Reed Barney sold 3,344 shares of Everbridge 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 completion of the sale, the insider now owns 15,595 shares of the company's stock, valued at $543,329.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick Brickley sold 6,360 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the transaction, the chief financial officer now 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 valued at $289,103. 0.44% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EVBG. Robert W. Baird upped their price objective on Everbridge from $21.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 6th. William Blair cut Everbridge from an "outperform" rating to a "market perform" rating in a research note on Monday, February 5th. Truist Financial upped their price objective on Everbridge from $20.00 to $35.00 and gave the stock a "hold" rating in a research note on Monday, March 4th. Needham & Company LLC reiterated a "hold" rating on shares of Everbridge in a research note on Monday, February 5th. Finally, Wells Fargo & Company upgraded Everbridge from an "underweight" rating to an "equal weight" rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.