Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Everbridge, Inc. (NASDAQ:EVBG)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Everbridge, Inc. (NASDAQ:EVBG - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 416,389 shares of the technology company's stock after purchasing an additional 46,695 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 1.01% of Everbridge worth $10,122,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in EVBG. Lead Edge Capital Management LLC acquired a new position in Everbridge during the third quarter worth $18,568,000. Polar Asset Management Partners Inc. acquired a new stake in Everbridge in the 1st quarter valued at about $22,179,000. Allspring Global Investments Holdings LLC grew its holdings in Everbridge by 10,789.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company's stock worth $12,366,000 after purchasing an additional 546,483 shares during the period. Vanguard Group Inc. increased its position in Everbridge by 14.5% during the first quarter. Vanguard Group Inc. now owns 4,047,870 shares of the technology company's stock worth $176,649,000 after buying an additional 511,847 shares during the last quarter. Finally, Norges Bank bought a new stake in Everbridge in the fourth quarter valued at approximately $11,476,000. Institutional investors own 89.95% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EVBG shares. Robert W. Baird boosted their target price on Everbridge from $21.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. Raymond James reissued a "market perform" rating on shares of Everbridge in a research report on Wednesday, February 7th. William Blair downgraded shares of Everbridge from an "outperform" rating to a "market perform" rating in a report on Monday, February 5th. StockNews.com initiated coverage on shares of Everbridge in a report on Thursday. They issued a "hold" rating on the stock. Finally, Needham & Company LLC restated a "hold" rating on shares of Everbridge in a report on Monday, February 5th. 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 has an average rating of "Hold" and an average target price of $29.00.

Everbridge Stock Performance

Shares of NASDAQ:EVBG remained flat at $34.86 on Friday. 249,945 shares of the company's stock were exchanged, compared to its average volume of 590,645. Everbridge, Inc. has a 1 year low of $18.50 and a 1 year high of $35.70. The company's fifty day moving average price is $32.37 and its two-hundred day moving average price is $25.48. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98.

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

Insider Buying and Selling at Everbridge

In other Everbridge news, CFO Patrick Brickley sold 6,360 shares of the stock in a transaction dated 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 directly owns 124,985 shares in the company, valued at $2,848,408.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Bryan Reed Barney sold 3,344 shares of the company's stock in a transaction 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 sale, the insider now directly owns 15,595 shares of the company's stock, valued at approximately $543,329.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction 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 of the company's stock, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. Insiders have sold 10,747 shares of company stock worth $289,103 over the last quarter. Corporate insiders own 0.56% of the company's stock.

Everbridge Company 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.