OxFORD Asset Management LLP Sells 10,396 Shares of Everbridge Inc (EVBG)
OxFORD Asset Management LLP cut its position in shares of Everbridge Inc (NASDAQ:EVBG) by 35.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,781 shares of the technology company’s stock after selling 10,396 shares during the period. OxFORD Asset Management LLP owned 0.07% of Everbridge worth $493,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of EVBG. Lord Abbett & CO. LLC bought a new position in shares of Everbridge in the 2nd quarter valued at approximately $11,771,000. Hood River Capital Management LLC bought a new position in Everbridge in the 3rd quarter worth approximately $12,288,000. Vanguard Group Inc. increased its position in Everbridge by 115.8% in the 2nd quarter. Vanguard Group Inc. now owns 696,917 shares of the technology company’s stock worth $16,977,000 after buying an additional 373,899 shares during the period. Voya Investment Management LLC bought a new position in Everbridge in the 2nd quarter worth approximately $8,364,000. Finally, Bank of New York Mellon Corp increased its position in Everbridge by 100.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 397,691 shares of the technology company’s stock worth $10,507,000 after buying an additional 199,004 shares during the period. 65.40% of the stock is owned by institutional investors.
In related news, CEO Jaime Wallace Ellertson sold 97,500 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $26.43, for a total value of $2,576,925.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Elliot J. Mark sold 1,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $27.76, for a total value of $27,760.00. The disclosure for this sale can be found here. Insiders sold 139,834 shares of company stock valued at $3,721,575 in the last quarter. 41.40% of the stock is currently owned by corporate insiders.
Shares of Everbridge Inc (EVBG) opened at $29.46 on Thursday. The firm has a market capitalization of $825.89, a price-to-earnings ratio of -49.10 and a beta of 2.14. Everbridge Inc has a 52-week low of $16.63 and a 52-week high of $29.99.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. The company had revenue of $27.31 million during the quarter, compared to the consensus estimate of $26.41 million. Everbridge had a negative return on equity of 29.44% and a negative net margin of 17.10%. The firm’s quarterly revenue was up 37.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. equities analysts forecast that Everbridge Inc will post -0.55 earnings per share for the current fiscal year.
Several brokerages have commented on EVBG. William Blair reaffirmed a “buy” rating on shares of Everbridge in a research report on Tuesday. KeyCorp reissued a “buy” rating and set a $27.00 price objective on shares of Everbridge in a report on Sunday, September 10th. Northland Securities reissued an “outperform” rating and set a $31.00 price objective (up previously from $28.00) on shares of Everbridge in a report on Friday, October 13th. Canaccord Genuity reissued a “buy” rating and set a $33.00 price objective (up previously from $28.00) on shares of Everbridge in a report on Tuesday, November 7th. Finally, ValuEngine raised Everbridge from a “sell” rating to a “hold” rating in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.00.
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Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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.
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