Kennedy Capital Management LLC Purchases 1,070 Shares of Everbridge, Inc. (NASDAQ:EVBG)

Kennedy Capital Management LLC lifted its holdings in shares of Everbridge, Inc. (NASDAQ:EVBG) by 2.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,961 shares of the technology company’s stock after buying an additional 1,070 shares during the period. Kennedy Capital Management LLC’s holdings in Everbridge were worth $1,636,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EVBG. Vanguard Group Inc. raised its position in Everbridge by 2.9% in the third quarter. Vanguard Group Inc. now owns 5,797,576 shares of the technology company’s stock valued at $129,982,000 after purchasing an additional 164,788 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Everbridge during the 4th quarter worth approximately $757,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Everbridge by 12.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 416,389 shares of the technology company’s stock worth $10,122,000 after buying an additional 46,695 shares during the period. Syon Capital LLC bought a new stake in Everbridge during the 4th quarter worth approximately $219,000. Finally, Y.D. More Investments Ltd increased its position in Everbridge by 20.1% in the 4th quarter. Y.D. More Investments Ltd now owns 6,858 shares of the technology company’s stock valued at $155,000 after acquiring an additional 1,149 shares during the period. 89.95% of the stock is currently owned by institutional investors.

Everbridge Price Performance

Everbridge stock opened at $35.00 on Thursday. Everbridge, Inc. has a 12 month low of $18.50 and a 12 month high of $36.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03. The business’s 50 day simple moving average is $34.87 and its 200 day simple moving average is $32.67. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98.

Everbridge (NASDAQ:EVBG) last issued its earnings results on Thursday, May 9th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). The business had revenue of $111.43 million for the quarter, compared to the consensus estimate of $111.90 million. Everbridge had a positive return on equity of 5.26% and a negative net margin of 11.67%. Sell-side analysts forecast that Everbridge, Inc. will post 0.78 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on EVBG. Robert W. Baird raised their price target on shares of Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. StockNews.com began coverage on Everbridge in a report on Thursday. They issued a “hold” rating for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of Everbridge in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $29.75.

Insider Activity

In other news, insider Bryan Reed Barney sold 3,276 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $34.99, for a total value of $114,627.24. Following the completion of the transaction, the insider now directly owns 18,569 shares in the company, valued at $649,729.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.44% of the stock is owned by company insiders.

Everbridge Company 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.