Everbridge, Inc. (NASDAQ:EVBG) Shares Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd raised its stake in Everbridge, Inc. (NASDAQ:EVBG) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,858 shares of the technology company’s stock after acquiring an additional 1,149 shares during the period. Y.D. More Investments Ltd’s holdings in Everbridge were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Everbridge by 37.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the technology company’s stock worth $183,000 after buying an additional 2,225 shares during the period. Steph & Co. boosted its stake in shares of Everbridge by 48.4% during the third quarter. Steph & Co. now owns 4,245 shares of the technology company’s stock worth $95,000 after buying an additional 1,384 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Everbridge by 10,789.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 551,548 shares of the technology company’s stock valued at $12,366,000 after buying an additional 546,483 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Everbridge by 39.5% in the third quarter. Panagora Asset Management Inc. now owns 216,560 shares of the technology company’s stock valued at $4,855,000 after buying an additional 61,295 shares in the last quarter. Finally, Horrell Capital Management Inc. increased its holdings in Everbridge by 37.5% in the third quarter. Horrell Capital Management Inc. now owns 88,000 shares of the technology company’s stock valued at $1,973,000 after buying an additional 24,000 shares in the last quarter. Institutional investors and hedge funds own 89.95% of the company’s stock.

Insider Buying and Selling

In related news, insider Bryan Reed Barney sold 3,344 shares of Everbridge stock in a transaction 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 sale, the insider now 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 Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is currently owned by insiders.

Everbridge Stock Performance

NASDAQ:EVBG opened at $34.78 on Thursday. 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’s fifty day simple moving average is $34.09 and its 200 day simple moving average is $26.67. Everbridge, Inc. has a twelve month low of $18.50 and a twelve month high of $35.70.

Everbridge (NASDAQ:EVBG) last posted its earnings results 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 negative net margin of 10.54% and a positive return on equity of 6.46%. The business had revenue of $115.76 million for the quarter, compared to analyst estimates of $114.70 million. As a group, research analysts expect that Everbridge, Inc. will post 0.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EVBG. Truist Financial increased their target price on shares of Everbridge from $20.00 to $35.00 and gave the company a “hold” rating in a report on Monday, March 4th. Wells Fargo & Company raised shares of Everbridge from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 6th. Raymond James reissued a “market perform” rating on shares of Everbridge in a research note on Wednesday, February 7th. Needham & Company LLC reissued a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. Finally, Canaccord Genuity Group raised their price objective on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, Everbridge presently has a consensus rating of “Hold” and an average price target of $29.00.

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.