Kent Lake Capital LLC purchased a new position in Everbridge, Inc. (NASDAQ:EVBG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 250,000 shares of the technology company's stock, valued at approximately $6,078,000. Everbridge comprises about 2.3% of Kent Lake Capital LLC's holdings, making the stock its 18th largest holding. Kent Lake Capital LLC owned about 0.61% of Everbridge at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Everbridge by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 5,797,576 shares of the technology company's stock worth $129,982,000 after buying an additional 164,788 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of Everbridge by 0.7% in the 3rd quarter. Clearbridge Investments LLC now owns 2,027,344 shares of the technology company's stock worth $45,453,000 after buying an additional 13,200 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Everbridge by 21.7% during the 4th quarter. First Trust Advisors LP now owns 949,718 shares of the technology company's stock valued at $23,088,000 after purchasing an additional 169,381 shares during the last quarter. Lead Edge Capital Management LLC bought a new position in shares of Everbridge during the 3rd quarter valued at $18,568,000. Finally, Geode Capital Management LLC grew its holdings in shares of Everbridge by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 826,463 shares of the technology company's stock valued at $22,232,000 after purchasing an additional 47,714 shares during the last quarter. Institutional investors own 89.95% of the company's stock.
Everbridge Trading Up 0.1 %
Shares of NASDAQ:EVBG traded up $0.02 on Friday, hitting $34.85. The company had a trading volume of 557,457 shares, compared to its average volume of 567,633. The firm's 50-day simple moving average is $31.19 and its two-hundred day simple moving average is $25.08. Everbridge, Inc. has a 1 year low of $18.50 and a 1 year high of $35.70. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -24.37, a P/E/G ratio of 0.94 and a beta of 0.96.
Everbridge (NASDAQ:EVBG - Get Free Report) last posted its earnings results on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. The company had revenue of $115.76 million during the quarter, compared to analysts' expectations of $114.70 million. Equities analysts anticipate that Everbridge, Inc. will post 0.78 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on EVBG shares. Wells Fargo & Company raised shares of Everbridge from an "underweight" rating to an "equal weight" rating in a report on Tuesday, February 6th. Canaccord Genuity Group increased their target price on shares of Everbridge from $28.60 to $35.00 and gave the company a "hold" rating in a report on Monday, March 4th. Raymond James reaffirmed a "market perform" rating on shares of Everbridge in a report on Wednesday, February 7th. William Blair lowered shares of Everbridge from an "outperform" rating to a "market perform" rating in a report on Monday, February 5th. Finally, Robert W. Baird increased their target price on shares of Everbridge from $21.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.00.
View Our Latest Report on EVBG
Insider Transactions at Everbridge
In related news, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available at this hyperlink. In related news, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction dated 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 transaction, 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 filing with the SEC, which is available at this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction dated Thursday, February 1st. The shares were 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 of the company's stock, valued at $2,848,408.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,747 shares of company stock valued at $289,103. Company insiders own 0.56% of the company's stock.
About Everbridge
(
Free Report)
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.
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