GSA Capital Partners LLP Sells 1,162 Shares of Everbridge, Inc. (EVBG)
GSA Capital Partners LLP lowered its holdings in Everbridge, Inc. (NASDAQ:EVBG) by 10.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,270 shares of the technology company’s stock after selling 1,162 shares during the period. GSA Capital Partners LLP’s holdings in Everbridge were worth $250,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Gilder Gagnon Howe & Co. LLC lifted its holdings in Everbridge by 13.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 714,858 shares of the technology company’s stock worth $17,414,000 after acquiring an additional 85,932 shares during the last quarter. Nicholas Investment Partners LP lifted its holdings in Everbridge by 20.8% in the second quarter. Nicholas Investment Partners LP now owns 436,179 shares of the technology company’s stock worth $10,626,000 after acquiring an additional 75,076 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Everbridge by 11.6% in the first quarter. Vanguard Group Inc. now owns 323,018 shares of the technology company’s stock worth $6,631,000 after acquiring an additional 33,665 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Everbridge by 18.8% in the second quarter. Ameriprise Financial Inc. now owns 298,761 shares of the technology company’s stock worth $7,277,000 after acquiring an additional 47,178 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in Everbridge in the first quarter worth about $5,478,000. 51.02% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Everbridge, Inc. (EVBG) opened at 26.76 on Friday. Everbridge, Inc. has a 12-month low of $12.92 and a 12-month high of $27.50. The company’s market cap is $751.82 million. The stock’s 50 day moving average price is $25.84 and its 200-day moving average price is $25.84.
Everbridge (NASDAQ:EVBG) last announced its earnings results on Thursday, August 3rd. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. The company had revenue of $25.00 million for the quarter, compared to analyst estimates of $24.49 million. Everbridge’s revenue was up 34.4% compared to the same quarter last year. On average, equities research analysts forecast that Everbridge, Inc. will post ($0.28) earnings per share for the current year.
In other Everbridge news, CFO Kenneth S. Goldman sold 11,141 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $26.88, for a total value of $299,470.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cintawati W. Putra sold 58,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $23.72, for a total transaction of $1,375,760.00. The disclosure for this sale can be found here. Insiders sold 170,245 shares of company stock worth $4,031,573 over the last 90 days. 41.40% of the stock is currently owned by company insiders.
A number of brokerages have issued reports on EVBG. Northland Securities reissued an “outperform” rating and issued a $31.00 target price (up previously from $28.00) on shares of Everbridge in a report on Friday, October 13th. Zacks Investment Research cut shares of Everbridge from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. William Blair reissued a “buy” rating on shares of Everbridge in a report on Monday, September 25th. ValuEngine raised shares of Everbridge from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Finally, Stifel Nicolaus raised their target price on shares of Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.14.
Everbridge Company Profile
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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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