ArrowMark Colorado Holdings LLC boosted its stake in shares of Everbridge Inc (NASDAQ:EVBG) by 24.6% during the 4th quarter, HoldingsChannel reports. The firm owned 564,921 shares of the technology company’s stock after buying an additional 111,551 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Everbridge were worth $16,789,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVBG. Ironwood Investment Management LLC purchased a new position in Everbridge during the fourth quarter valued at $226,000. Nationwide Fund Advisors lifted its position in Everbridge by 210.1% during the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock valued at $234,000 after purchasing an additional 6,497 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Everbridge during the fourth quarter valued at $234,000. UBS Asset Management Americas Inc. purchased a new position in Everbridge during the fourth quarter valued at $247,000. Finally, Oppenheimer & Co. Inc. purchased a new position in Everbridge during the fourth quarter valued at $297,000. Institutional investors own 80.01% of the company’s stock.
In other news, SVP Imad Mouline sold 6,986 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $28.50, for a total value of $199,101.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kenneth S. Goldman sold 10,326 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.51, for a total value of $304,720.26. The disclosure for this sale can be found here. Insiders sold 54,028 shares of company stock worth $1,670,778 over the last 90 days. Company insiders own 41.40% of the company’s stock.
Everbridge Inc (NASDAQ:EVBG) opened at $38.51 on Friday. Everbridge Inc has a 52-week low of $16.63 and a 52-week high of $38.76. The company has a market capitalization of $1,040.00 and a PE ratio of -54.24.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Wednesday, February 21st. The technology company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). Everbridge had a negative return on equity of 36.15% and a negative net margin of 18.82%. The business had revenue of $29.18 million for the quarter, compared to the consensus estimate of $28.49 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The business’s revenue was up 37.1% on a year-over-year basis. analysts forecast that Everbridge Inc will post -1.43 EPS for the current fiscal year.
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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