First Trust Advisors LP cut its holdings in shares of Everbridge Inc (NASDAQ:EVBG) by 17.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 190,218 shares of the technology company’s stock after selling 41,015 shares during the period. First Trust Advisors LP owned about 0.56% of Everbridge worth $14,852,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Select Equity Group L.P. grew its stake in shares of Everbridge by 217.1% during the third quarter. Select Equity Group L.P. now owns 2,669,506 shares of the technology company’s stock valued at $164,735,000 after acquiring an additional 1,827,525 shares in the last quarter. BlackRock Inc. grew its stake in shares of Everbridge by 29.5% during the second quarter. BlackRock Inc. now owns 2,596,838 shares of the technology company’s stock valued at $232,209,000 after acquiring an additional 591,681 shares in the last quarter. Sylebra Capital Ltd grew its stake in shares of Everbridge by 4.5% during the third quarter. Sylebra Capital Ltd now owns 858,422 shares of the technology company’s stock valued at $52,973,000 after acquiring an additional 37,282 shares in the last quarter. State Street Corp grew its stake in shares of Everbridge by 2.2% during the third quarter. State Street Corp now owns 689,548 shares of the technology company’s stock valued at $42,552,000 after acquiring an additional 14,644 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Everbridge by 6.3% during the third quarter. Eagle Asset Management Inc. now owns 483,018 shares of the technology company’s stock valued at $29,807,000 after acquiring an additional 28,752 shares in the last quarter.
Shares of EVBG stock opened at $91.02 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.76 and a current ratio of 1.76. Everbridge Inc has a one year low of $59.85 and a one year high of $104.22. The company’s 50-day simple moving average is $86.80 and its 200-day simple moving average is $80.72. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of -59.49 and a beta of 0.91.
Several analysts have recently weighed in on the company. Northland Securities restated a “buy” rating and set a $99.00 target price on shares of Everbridge in a research note on Tuesday, November 5th. BidaskClub cut shares of Everbridge from a “strong-buy” rating to a “buy” rating in a research report on Thursday. ValuEngine cut shares of Everbridge from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Stephens reaffirmed a “buy” rating and set a $105.00 price target on shares of Everbridge in a research report on Tuesday, January 14th. Finally, Canaccord Genuity reduced their price target on shares of Everbridge from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $98.33.
Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that 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 that 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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