Janus Henderson Group PLC Sells 42,092 Shares of Everbridge Inc (EVBG)

Janus Henderson Group PLC reduced its stake in Everbridge Inc (NASDAQ:EVBG) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 311,515 shares of the technology company’s stock after selling 42,092 shares during the period. Janus Henderson Group PLC’s holdings in Everbridge were worth $23,367,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Strs Ohio acquired a new stake in Everbridge during the 1st quarter worth $30,000. Bank of Montreal Can raised its stake in Everbridge by 281.6% during the 4th quarter. Bank of Montreal Can now owns 706 shares of the technology company’s stock worth $40,000 after buying an additional 521 shares during the period. SG Americas Securities LLC acquired a new stake in Everbridge during the 1st quarter worth $104,000. Resources Investment Advisors Inc. raised its stake in Everbridge by 32.7% during the 4th quarter. Resources Investment Advisors Inc. now owns 2,029 shares of the technology company’s stock worth $115,000 after buying an additional 500 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in Everbridge during the 4th quarter worth $156,000. Institutional investors and hedge funds own 86.44% of the company’s stock.

In other Everbridge news, SVP Elliot J. Mark sold 1,609 shares of Everbridge stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $75.00, for a total value of $120,675.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert W. Hughes sold 12,822 shares of Everbridge stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $72.45, for a total value of $928,953.90. The disclosure for this sale can be found here. Insiders sold a total of 60,306 shares of company stock worth $4,397,438 in the last three months. Company insiders own 2.20% of the company’s stock.



Several analysts recently commented on the company. BidaskClub raised Everbridge from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 8th. Bank of America reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $78.00) on shares of Everbridge in a research note on Tuesday, May 7th. SunTrust Banks raised their price objective on Everbridge to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research raised Everbridge from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Stephens reaffirmed a “buy” rating and set a $74.00 price objective on shares of Everbridge in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.00.

EVBG opened at $77.46 on Tuesday. Everbridge Inc has a 1 year low of $40.91 and a 1 year high of $80.01. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of -54.17 and a beta of 0.93. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.35 and a current ratio of 1.35.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Monday, May 6th. The technology company reported ($0.39) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.48) by $0.09. Everbridge had a negative return on equity of 89.48% and a negative net margin of 30.93%. The firm had revenue of $42.82 million for the quarter, compared to the consensus estimate of $42.23 million. During the same quarter last year, the business posted ($0.17) EPS. The company’s revenue for the quarter was up 40.3% on a year-over-year basis. On average, analysts expect that Everbridge Inc will post -1.41 EPS for the current fiscal year.

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About Everbridge

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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