Everbridge (NASDAQ:EVBG)‘s stock had its “buy” rating reissued by equities researchers at William Blair in a report issued on Thursday.
A number of other brokerages also recently commented on EVBG. Needham & Company LLC increased their price objective on shares of Everbridge from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Canaccord Genuity reissued a “buy” rating and issued a $33.00 price objective (up from $28.00) on shares of Everbridge in a research report on Tuesday, November 7th. KeyCorp increased their price objective on shares of Everbridge from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Credit Suisse Group increased their price objective on shares of Everbridge from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.89.
Shares of Everbridge (NASDAQ EVBG) opened at $33.53 on Thursday. Everbridge has a 52 week low of $16.63 and a 52 week high of $33.85. The firm has a market cap of $936.36 and a P/E ratio of -55.88.
In other news, SVP Elliot J. Mark sold 3,500 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $29.78, for a total value of $104,230.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jaime Wallace Ellertson sold 97,500 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $26.43, for a total transaction of $2,576,925.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 148,028 shares of company stock valued at $4,128,849. Company insiders own 41.40% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new stake in Everbridge during the 3rd quarter worth $16,417,000. Garelick Capital Partners LP boosted its stake in Everbridge by 138.3% during the 4th quarter. Garelick Capital Partners LP now owns 952,826 shares of the technology company’s stock worth $28,318,000 after purchasing an additional 552,958 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Everbridge during the 2nd quarter worth $11,771,000. Fred Alger Management Inc. boosted its stake in Everbridge by 40.1% during the 4th quarter. Fred Alger Management Inc. now owns 1,665,161 shares of the technology company’s stock worth $49,489,000 after purchasing an additional 476,782 shares during the period. Finally, Hood River Capital Management LLC acquired a new stake in Everbridge during the 3rd quarter worth $12,288,000. Institutional investors and hedge funds own 66.36% of the company’s stock.
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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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