Federated Hermes Inc. Has $1.12 Million Holdings in Everbridge, Inc. (NASDAQ:EVBG)

Federated Hermes Inc. decreased its position in shares of Everbridge, Inc. (NASDAQ:EVBG - Free Report) by 41.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,069 shares of the technology company's stock after selling 32,647 shares during the quarter. Federated Hermes Inc. owned 0.11% of Everbridge worth $1,120,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVBG. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Everbridge by 37.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company's stock valued at $183,000 after buying an additional 2,225 shares in the last quarter. Steph & Co. increased its stake in shares of Everbridge by 48.4% in the 3rd quarter. Steph & Co. now owns 4,245 shares of the technology company's stock worth $95,000 after acquiring an additional 1,384 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Everbridge by 10,789.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company's stock worth $12,366,000 after acquiring an additional 546,483 shares during the last quarter. Y.D. More Investments Ltd increased its stake in shares of Everbridge by 10.2% in the 3rd quarter. Y.D. More Investments Ltd now owns 5,709 shares of the technology company's stock worth $135,000 after acquiring an additional 529 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Everbridge by 39.5% in the 3rd quarter. Panagora Asset Management Inc. now owns 216,560 shares of the technology company's stock worth $4,855,000 after acquiring an additional 61,295 shares during the last quarter. Institutional investors and hedge funds own 89.95% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EVBG shares. Robert W. Baird raised their price objective on Everbridge from $21.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 6th. Truist Financial raised their price objective on Everbridge from $20.00 to $35.00 and gave the stock a "hold" rating in a research report on Monday, March 4th. Canaccord Genuity Group lifted their target price on Everbridge from $28.60 to $35.00 and gave the company a "hold" rating in a research report on Monday, March 4th. Wells Fargo & Company raised Everbridge from an "underweight" rating to an "equal weight" rating in a research report on Tuesday, February 6th. Finally, Raymond James reaffirmed a "market perform" rating on shares of Everbridge in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company. Based on data from MarketBeat.com, Everbridge has an average rating of "Hold" and a consensus price target of $29.00.

Insider Buying and Selling

In related 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 transaction of $116,504.96. Following the completion of the sale, the insider now owns 15,595 shares in the company, valued at $543,329.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related 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 transaction of $116,504.96. Following the completion of the sale, the insider now owns 15,595 shares in the company, valued at $543,329.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Patrick Brickley sold 6,360 shares of the firm's 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 sale, the chief financial officer now directly owns 124,985 shares in the company, valued at $2,848,408.15. The disclosure for this sale can be found here. Insiders sold a total of 10,747 shares of company stock worth $289,103 over the last 90 days. 0.44% of the stock is owned by insiders.

Everbridge Stock Up 0.1 %

Shares of EVBG traded up $0.03 during midday trading on Wednesday, hitting $34.78. The company had a trading volume of 731,538 shares, compared to its average volume of 1,093,806. The company's 50-day simple moving average is $34.09 and its 200-day simple moving average is $26.67. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $1.44 billion, a P/E ratio of -24.32, a P/E/G ratio of 0.94 and a beta of 0.96. 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 announced its quarterly earnings data 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). The company had revenue of $115.76 million during 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, sell-side analysts expect that Everbridge, Inc. will post 0.78 EPS for the current year.

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.