Raymond James & Associates Lowers Stock Position in Everbridge, Inc. (NASDAQ:EVBG)

Raymond James & Associates cut its holdings in shares of Everbridge, Inc. (NASDAQ:EVBG - Free Report) by 35.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,019 shares of the technology company's stock after selling 33,345 shares during the period. Raymond James & Associates owned approximately 0.15% of Everbridge worth $1,459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EVBG. US Bancorp DE grew its position in shares of Everbridge by 53.1% during the 1st quarter. US Bancorp DE now owns 4,527 shares of the technology company's stock valued at $197,000 after acquiring an additional 1,570 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Everbridge by 42.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,702 shares of the technology company's stock worth $205,000 after buying an additional 1,399 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in Everbridge in the 1st quarter worth about $111,000. Great West Life Assurance Co. Can boosted its holdings in Everbridge by 68.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 133,250 shares of the technology company's stock worth $5,957,000 after buying an additional 54,153 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in Everbridge by 38.0% in the 1st quarter. Synovus Financial Corp now owns 6,595 shares of the technology company's stock worth $286,000 after buying an additional 1,817 shares during the last quarter. 89.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EVBG shares. Robert W. Baird lifted their price objective on Everbridge from $21.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, February 6th. Raymond James reiterated a "market perform" rating on shares of Everbridge in a report on Wednesday, February 7th. Canaccord Genuity Group lifted their price objective on Everbridge from $28.60 to $35.00 and gave the stock a "hold" rating in a report on Monday, March 4th. Wells Fargo & Company upgraded Everbridge from an "underweight" rating to an "equal weight" rating in a report on Tuesday, February 6th. Finally, StockNews.com started coverage on shares of Everbridge in a research note on Friday. They issued a "hold" rating on the stock. One analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $29.00.

Everbridge Price Performance

Shares of EVBG stock remained flat at $34.88 during trading on Friday. 1,190,949 shares of the stock traded hands, compared to its average volume of 1,109,875. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -24.39, 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. The firm's 50-day moving average price is $33.04 and its two-hundred day moving average price is $25.91. Everbridge, Inc. has a 1 year low of $18.50 and a 1 year high of $35.70.

Everbridge (NASDAQ:EVBG - Get Free Report) last released its quarterly 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). The firm had revenue of $115.76 million for the quarter, compared to analysts' expectations of $114.70 million. Everbridge had a negative net margin of 10.54% and a positive return on equity of 6.46%. As a group, equities research analysts expect that Everbridge, Inc. will post 0.78 earnings per share for the current year.

Insider Activity

In other news, CFO Patrick Brickley sold 6,360 shares of Everbridge stock in a transaction that occurred on Thursday, February 1st. The shares were 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 approximately $2,848,408.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Everbridge news, insider Bryan Reed Barney sold 3,344 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $34.84, for a total value of $116,504.96. Following the sale, the insider now owns 15,595 shares of the company's stock, valued at $543,329.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the sale, the chief financial officer now directly owns 124,985 shares in the company, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,747 shares of company stock valued at $289,103. 0.56% of the stock is currently owned by company insiders.

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.