Raymond James Financial Services Advisors Inc. Buys New Position in Everbridge, Inc. (NASDAQ:EVBG)

Raymond James Financial Services Advisors Inc. acquired a new stake in Everbridge, Inc. (NASDAQ:EVBG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,125 shares of the technology company's stock, valued at approximately $757,000. Raymond James Financial Services Advisors Inc. owned approximately 0.08% of Everbridge as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake 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 in the last quarter. State of Wyoming acquired a new position in Everbridge during the 4th quarter worth $28,000. Coppell Advisory Solutions Corp. bought a new position in Everbridge during the fourth quarter worth $45,000. Point72 Middle East FZE bought a new stake in shares of Everbridge during the fourth quarter valued at approximately $49,000. Finally, Tower Research Capital LLC TRC increased its stake 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 valued at $64,000 after buying an additional 1,676 shares during the period. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Patrick Brickley sold 6,360 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 124,985 shares of the company's stock, valued at $2,848,408.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Patrick Brickley sold 6,360 shares of the company's 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 completion of the sale, the chief financial officer now owns 124,985 shares of the company's stock, valued at $2,848,408.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bryan Reed Barney sold 3,344 shares of the business'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 transaction of $116,504.96. Following the completion of the transaction, the insider now owns 15,595 shares of the company's stock, valued at $543,329.80. 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. Insiders own 0.44% of the company's stock.

Everbridge Stock Up 0.0 %

EVBG traded up $0.01 during trading on Wednesday, reaching $34.88. 285,044 shares of the stock were exchanged, compared to its average volume of 1,113,991. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.74. The stock's 50 day moving average price is $32.63 and its two-hundred day moving average price is $25.70. Everbridge, Inc. has a twelve month low of $18.50 and a twelve month high of $35.70.

Everbridge (NASDAQ:EVBG - Get Free Report) last released 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). Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. The firm had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. Equities analysts forecast that Everbridge, Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EVBG shares. Truist Financial lifted their price target on Everbridge from $20.00 to $35.00 and gave the stock a "hold" rating in a research note on Monday, March 4th. Wells Fargo & Company upgraded shares of Everbridge from an "underweight" rating to an "equal weight" rating in a research note on Tuesday, February 6th. Raymond James restated a "market perform" rating on shares of Everbridge in a report on Wednesday, February 7th. StockNews.com assumed coverage on Everbridge in a report on Thursday, April 11th. They set a "hold" rating for the company. Finally, Needham & Company LLC restated a "hold" rating on shares of Everbridge in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $29.00.

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.