Everbridge, Inc. (NASDAQ:EVBG) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC cut its holdings in shares of Everbridge, Inc. (NASDAQ:EVBG) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 417,510 shares of the technology company’s stock after selling 72 shares during the period. Clearbridge Investments LLC owned about 1.11% of Everbridge worth $56,815,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in EVBG. Rational Advisors LLC acquired a new stake in shares of Everbridge during the second quarter valued at about $78,000. Maverick Capital Ltd. acquired a new stake in shares of Everbridge during the first quarter valued at about $80,000. Panagora Asset Management Inc. grew its stake in shares of Everbridge by 5,412.5% during the first quarter. Panagora Asset Management Inc. now owns 882 shares of the technology company’s stock valued at $107,000 after acquiring an additional 866 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Everbridge during the second quarter valued at about $120,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Everbridge during the first quarter valued at about $147,000.

In other news, EVP Vernon Irvin sold 696 shares of Everbridge stock in a transaction that occurred on Monday, August 23rd. The stock was sold at an average price of $149.79, for a total transaction of $104,253.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Patrick Brickley sold 2,968 shares of Everbridge stock in a transaction that occurred on Friday, August 20th. The shares were sold at an average price of $143.67, for a total value of $426,412.56. Following the sale, the chief financial officer now directly owns 13,124 shares in the company, valued at approximately $1,885,525.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,557 shares of company stock worth $4,111,530. Corporate insiders own 0.44% of the company’s stock.

A number of equities analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price target on shares of Everbridge in a research note on Tuesday, August 10th. Stifel Nicolaus lifted their price target on Everbridge from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, September 7th. Stephens lifted their price target on Everbridge from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 10th. Raymond James lifted their price target on Everbridge from $140.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 10th. Finally, Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research note on Tuesday, August 17th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $171.90.

Shares of EVBG stock opened at $145.60 on Thursday. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 1.60. The business has a 50 day moving average of $152.20 and a two-hundred day moving average of $136.77. Everbridge, Inc. has a 52 week low of $100.17 and a 52 week high of $178.98. The company has a market cap of $5.59 billion, a P/E ratio of -50.38 and a beta of 0.75.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Monday, August 9th. The technology company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.26. Everbridge had a negative return on equity of 12.98% and a negative net margin of 33.07%. The company had revenue of $86.65 million during the quarter, compared to the consensus estimate of $83.92 million. During the same period in the previous year, the firm posted $0.03 earnings per share. Everbridge’s quarterly revenue was up 32.5% compared to the same quarter last year. Analysts expect that Everbridge, Inc. will post -1.58 EPS for the current fiscal year.

About Everbridge

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organizations 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.

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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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