Everbridge, Inc. (NASDAQ:EVBG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Everbridge, Inc. (NASDAQ:EVBG) by 41.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,069 shares of the technology company’s stock after selling 32,647 shares during the period. Federated Hermes Inc. owned about 0.11% of Everbridge worth $1,120,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Everbridge by 12.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 416,389 shares of the technology company’s stock worth $10,122,000 after acquiring an additional 46,695 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Everbridge in the 4th quarter worth approximately $757,000. Horrell Capital Management Inc. lifted its holdings in shares of Everbridge by 13.6% in the 4th quarter. Horrell Capital Management Inc. now owns 100,000 shares of the technology company’s stock worth $2,431,000 after purchasing an additional 12,000 shares during the last quarter. Diversified Trust Co acquired a new position in Everbridge during the 4th quarter valued at approximately $277,000. Finally, Vanguard Group Inc. grew its stake in Everbridge by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,797,576 shares of the technology company’s stock worth $129,982,000 after buying an additional 164,788 shares during the last quarter. 89.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EVBG has been the subject of several analyst reports. StockNews.com started coverage on shares of Everbridge in a report on Saturday. They set a “hold” rating for the company. Canaccord Genuity Group upped their target price on shares of Everbridge from $28.60 to $35.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. William Blair cut Everbridge from an “outperform” rating to a “market perform” rating in a report on Monday, February 5th. Robert W. Baird boosted their price objective on Everbridge from $21.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating and ten have given a hold rating to the company’s stock. Based on data from MarketBeat, Everbridge presently has a consensus rating of “Hold” and an average target price of $29.00.

Everbridge Stock Up 0.5 %

Shares of EVBG stock opened at $34.75 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $1.44 billion, a PE ratio of -24.30, a price-to-earnings-growth ratio of 0.94 and a beta of 0.96. The business’s fifty day moving average is $33.96 and its 200-day moving average is $26.61. Everbridge, Inc. has a 1 year low of $18.50 and a 1 year high of $35.70.

Everbridge (NASDAQ:EVBG) last issued its quarterly earnings results on Monday, February 26th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $115.76 million during the quarter, compared to the consensus estimate of $114.70 million. Everbridge had a positive return on equity of 6.46% and a negative net margin of 10.54%. Equities analysts expect that Everbridge, Inc. will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at Everbridge

In other news, CFO Patrick Brickley sold 6,360 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total transaction of $144,944.40. Following the completion of the sale, the chief financial officer now directly owns 124,985 shares of the company’s stock, valued at $2,848,408.15. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Bryan Reed Barney sold 3,344 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $34.84, for a total transaction of $116,504.96. Following the sale, the insider now owns 15,595 shares in the company, valued at $543,329.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Patrick Brickley sold 6,360 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $22.79, for a total value of $144,944.40. Following the completion of the sale, the chief financial officer now directly owns 124,985 shares of the company’s stock, valued at approximately $2,848,408.15. The disclosure for this sale can be found here. Insiders sold a total of 10,747 shares of company stock valued at $289,103 in the last three months. 0.44% of the stock is currently owned by corporate insiders.

Everbridge Profile

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