Everbridge (NASDAQ:EVBG) Now Covered by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Everbridge (NASDAQ:EVBG) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.

Everbridge Stock Performance

Shares of EVBG stock opened at $35.00 on Wednesday. Everbridge has a twelve month low of $18.50 and a twelve month high of $36.31. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98. The firm has a 50-day moving average price of $35.00 and a 200 day moving average price of $34.89. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03.

Insider Buying and Selling

In other Everbridge news, insider Bryan Reed Barney sold 3,276 shares of the business’s stock in a transaction on Monday, July 1st. The stock was 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 approximately $649,729.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EVBG. Charles Schwab Investment Management Inc. increased its position in Everbridge by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock worth $9,026,000 after purchasing an additional 2,770 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Everbridge by 30.6% in the 4th quarter. Principal Financial Group Inc. now owns 24,176 shares of the technology company’s stock worth $588,000 after buying an additional 5,658 shares during the period. Norges Bank purchased a new position in shares of Everbridge in the 4th quarter worth $7,016,000. Campbell & CO Investment Adviser LLC acquired a new position in Everbridge in the fourth quarter valued at $1,809,000. Finally, Circumference Group LLC purchased a new stake in Everbridge during the fourth quarter valued at about $2,431,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

About Everbridge

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.