DekaBank Deutsche Girozentrale Grows Holdings in Everbridge Inc (EVBG)

DekaBank Deutsche Girozentrale grew its stake in Everbridge Inc (NASDAQ:EVBG) by 30.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the technology company’s stock after buying an additional 3,500 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.05% of Everbridge worth $893,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in EVBG. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Everbridge by 197.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,170 shares of the technology company’s stock worth $198,000 after acquiring an additional 2,767 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Everbridge in the 3rd quarter worth approximately $236,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Everbridge in the 2nd quarter worth approximately $238,000. Teacher Retirement System of Texas bought a new stake in shares of Everbridge in the 2nd quarter worth approximately $244,000. Finally, Cannell Peter B & Co. Inc. bought a new stake in shares of Everbridge in the 3rd quarter worth approximately $244,000. 92.40% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Jaime Wallace Ellertson sold 6,943 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $60.76, for a total transaction of $421,856.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert W. Hughes sold 23,700 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $60.68, for a total transaction of $1,438,116.00. The disclosure for this sale can be found here. Insiders have sold a total of 73,931 shares of company stock valued at $4,345,834 over the last quarter. 11.20% of the stock is currently owned by company insiders.

NASDAQ:EVBG opened at $51.67 on Friday. Everbridge Inc has a 52 week low of $26.30 and a 52 week high of $63.00. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $1.56 billion, a P/E ratio of -90.65 and a beta of 1.59.

Everbridge (NASDAQ:EVBG) last posted its quarterly earnings results on Monday, November 5th. The technology company reported ($0.23) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.05. Everbridge had a negative net margin of 32.34% and a negative return on equity of 70.30%. The company had revenue of $38.90 million during the quarter, compared to analyst estimates of $38.09 million. During the same period in the prior year, the business posted ($0.02) EPS. The firm’s revenue was up 42.5% compared to the same quarter last year. Equities research analysts expect that Everbridge Inc will post -1.44 EPS for the current fiscal year.

EVBG has been the subject of a number of recent research reports. BidaskClub upgraded shares of Everbridge from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. Zacks Investment Research upgraded shares of Everbridge from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a report on Friday, November 9th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Everbridge has an average rating of “Buy” and a consensus price target of $54.70.

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About Everbridge

Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management, which enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.

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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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