KAMES CAPITAL plc Cuts Stake in Everbridge Inc (NASDAQ:EVBG)

KAMES CAPITAL plc lowered its position in Everbridge Inc (NASDAQ:EVBG) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,979 shares of the technology company’s stock after selling 504 shares during the quarter. KAMES CAPITAL plc’s holdings in Everbridge were worth $10,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sun Life Financial INC bought a new stake in Everbridge in the second quarter valued at approximately $61,000. Harvest Fund Management Co. Ltd bought a new stake in Everbridge in the second quarter valued at approximately $103,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Everbridge by 16.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,817 shares of the technology company’s stock valued at $112,000 after purchasing an additional 257 shares during the last quarter. Advisor Group Inc. lifted its position in Everbridge by 22.4% in the second quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock valued at $131,000 after purchasing an additional 267 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new stake in Everbridge in the second quarter valued at approximately $169,000.

EVBG has been the subject of several recent research reports. Stephens set a $98.00 price objective on Everbridge and gave the company a “buy” rating in a research report on Friday. BidaskClub upgraded Everbridge from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. ValuEngine downgraded Everbridge from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Everbridge from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Raymond James boosted their price objective on Everbridge from $82.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Everbridge has a consensus rating of “Buy” and an average price target of $100.00.

In related news, SVP Elliot J. Mark sold 4,894 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $86.45, for a total transaction of $423,086.30. Following the completion of the transaction, the senior vice president now owns 11,018 shares in the company, valued at $952,506.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Patrick Brickley sold 8,183 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $69.85, for a total value of $571,582.55. In the last 90 days, insiders have sold 67,480 shares of company stock valued at $6,130,872. 2.20% of the stock is owned by corporate insiders.

Shares of Everbridge stock traded up $1.37 during midday trading on Monday, reaching $71.56. 16,516 shares of the company’s stock traded hands, compared to its average volume of 561,362. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.40 and a current ratio of 2.40. The company has a market cap of $2.38 billion, a PE ratio of -49.97 and a beta of 0.89. The stock has a 50 day moving average of $70.92 and a 200-day moving average of $80.85. Everbridge Inc has a 12 month low of $41.94 and a 12 month high of $104.22.

Everbridge (NASDAQ:EVBG) last announced its earnings results on Monday, August 5th. The technology company reported ($0.32) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.05. The company had revenue of $48.40 million during the quarter, compared to the consensus estimate of $47.99 million. Everbridge had a negative return on equity of 32.97% and a negative net margin of 25.85%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. On average, equities analysts anticipate that Everbridge Inc will post -1.37 earnings per share for the current fiscal year.

Everbridge Company Profile

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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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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