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 second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 324,550 shares of the technology company’s stock, valued at approximately $11,356,000. Everbridge comprises about 3.1% of Gardner Lewis Asset Management L P’s portfolio, making the stock its 10th biggest position. Gardner Lewis Asset Management L P owned approximately 0.78% of Everbridge at the end of the most recent quarter.

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

Insider Transactions at Everbridge

In other Everbridge news, insider Bryan Reed Barney sold 3,276 shares of the 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 completion of the sale, the insider now directly owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.44% of the company’s stock.

Analyst Ratings Changes

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

Everbridge Price Performance

Everbridge stock opened at $35.00 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a fifty day moving average price of $35.00 and a two-hundred day moving average price of $34.89. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -22.44, a P/E/G ratio of 0.95 and a beta of 0.98. Everbridge, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $36.31.

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.