Handelsbanken Fonder AB lifted its position in shares of Everbridge Inc (NASDAQ:EVBG) by 133.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,000 shares of the technology company’s stock after purchasing an additional 100,000 shares during the period. Handelsbanken Fonder AB owned 0.61% of Everbridge worth $6,405,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Everbridge by 86,874.8% during the 1st quarter. Royal Bank of Canada now owns 207,000 shares of the technology company’s stock worth $7,576,000 after purchasing an additional 206,762 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in shares of Everbridge by 90.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 183,047 shares of the technology company’s stock worth $6,699,000 after purchasing an additional 87,100 shares during the last quarter. Barclays PLC increased its stake in shares of Everbridge by 91.3% during the 1st quarter. Barclays PLC now owns 9,626 shares of the technology company’s stock worth $353,000 after purchasing an additional 4,594 shares during the last quarter. Blair William & Co. IL grew its stake in Everbridge by 8.4% in the 1st quarter. Blair William & Co. IL now owns 94,900 shares of the technology company’s stock valued at $3,473,000 after buying an additional 7,340 shares during the last quarter. Finally, Needham Investment Management LLC acquired a new position in Everbridge in the 1st quarter valued at about $256,000. Institutional investors own 86.69% of the company’s stock.
A number of research analysts recently commented on the stock. BidaskClub lowered shares of Everbridge from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Needham & Company LLC increased their target price on shares of Everbridge to $60.00 in a research report on Friday, June 15th. ValuEngine raised shares of Everbridge from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Stifel Nicolaus upped their price target on shares of Everbridge from $38.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, May 8th. Finally, Bank of America increased their price objective on shares of Everbridge from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, June 11th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $46.30.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, May 7th. The technology company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.03. The business had revenue of $30.52 million for the quarter, compared to analyst estimates of $29.61 million. Everbridge had a negative net margin of 23.01% and a negative return on equity of 42.59%. The company’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. analysts expect that Everbridge Inc will post -1.39 earnings per share for the current fiscal year.
In other Everbridge news, CFO Kenneth S. Goldman sold 9,500 shares of Everbridge stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $35.46, for a total value of $336,870.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Kenneth S. Goldman sold 815 shares of Everbridge stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $37.67, for a total transaction of $30,701.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 660,399 shares of company stock worth $32,583,401. Insiders own 11.20% of the company’s stock.
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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