Gardner Lewis Asset Management L P Takes $11.36 Million Position in Everbridge, Inc. (NASDAQ:EVBG)

Gardner Lewis Asset Management L P bought a new position in Everbridge, Inc. (NASDAQ:EVBG) during the 2nd quarter, HoldingsChannel reports. The fund bought 324,550 shares of the technology company’s stock, valued at approximately $11,356,000. Everbridge accounts for about 3.1% of Gardner Lewis Asset Management L P’s holdings, making the stock its 10th biggest holding.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Everbridge by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock valued at $144,906,000 after purchasing an additional 163,180 shares in the last quarter. Harber Asset Management LLC raised its position in shares of Everbridge by 49.4% during the 4th quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock valued at $13,490,000 after acquiring an additional 183,471 shares during the last quarter. Gabelli Funds LLC acquired a new position in shares of Everbridge in the 1st quarter valued at $15,842,000. Charles Schwab Investment Management Inc. boosted its position in shares of Everbridge by 0.8% in the 4th 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. Finally, Norges Bank bought a new stake in Everbridge in the fourth quarter valued at about $7,016,000. Institutional investors and hedge funds own 89.95% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Everbridge in a report on Wednesday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.40.

Insider Transactions at Everbridge

In related news, insider Bryan Reed Barney sold 3,276 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The transaction 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 insiders.

Everbridge Stock Performance

Shares of EVBG stock opened at $35.00 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.72 and a current ratio of 0.72. Everbridge, Inc. has a 52 week low of $18.50 and a 52 week high of $36.31. The company’s 50 day moving average price is $35.00 and its two-hundred day moving average price is $34.89. The company has a market capitalization of $1.46 billion, a P/E ratio of -22.44, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98.

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.