Understanding the Risks of Investing in Everbridge Inc. (EVBG)


Everbridge Inc.’s recent filing unveils that its Chief Product Officer Barney Bryan Reed acquired Company’s shares for reported $15252.0 on Sep 01. In the deal valued at $20.89 per share,730 shares were bought. As a result of this transaction, Barney Bryan Reed now holds 730 shares worth roughly $ 17198.8.

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Then, HUFF PHILLIP E bought 431 shares, generating $9,005 in total proceeds. Upon buying the shares at $20.89, the VP, Chief Accounting Officer now owns 9,454 shares.

Before that, Brickley Patrick sold 992 shares. Everbridge Inc. shares valued at $24,864 were divested by the EVP and CFO at a price of $25.07 per share. As a result of the transaction, Brickley Patrick now holds 108,096 shares, worth roughly $2.55 million.

Needham upgraded its Everbridge Inc. [EVBG] rating to a Buy from a a Hold in a research note published on Monday. PT values the company’s stock at a premium of 32.69 to its Monday closing price.

Price Performance Review of EVBG

On Monday, Everbridge Inc. [NASDAQ:EVBG] saw its stock fall -1.13% to $23.56. On the same session, the stock had its day’s lowest price of $22.98, but rose to a high of $23.78. Over the last five days, the stock has lost -1.71%. Everbridge Inc. shares have fallen nearly -20.35% since the year began. Nevertheless, the stocks have fallen -35.86% over the past one year. While a 52-week high of $36.66 was reached on 02/17/23, a 52-week low of $21.05 was recorded on 08/11/23. SMA at 50 days reached $26.24, while 200 days put it at $28.74. A total of 0.51 million shares were traded, compared to the trading of 0.26 million shares in the previous session.

Levels Of Support And Resistance For EVBG Stock

The 24-hour chart illustrates a support level at 23.10, which if violated will result in even more drops to 22.64. On the upside, there is a resistance level at 23.90. A further resistance level may holdings at 24.24. The Relative Strength Index (RSI) on the 14-day chart is 42.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.21%. Stochastics %K at 29.77% indicates the stock is a holding.

How much short interest is there in Everbridge Inc.?

A steep rise in short interest was recorded in Everbridge Inc. stocks on Aug 30, 2023, growing by 0.28 million shares to a total of 1.15 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 0.87 million shares. There was a rise of 24.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.23.

Everbridge Inc. [EVBG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,520,734 shares, or roughly 13.54% of the outstanding EVBG shares. In other words, the investor’s shares have risen by 561,750 from its previous 13-F filing of 4958984.0. Additionally, BlackRock Fund Advisors increased 13.36% of its stake after which the total value it holdings stand at $81,361,691, while ClearBridge Investments LLC added 3.10% of its stake to hold $49.97 million in the firm. Over the last quarter, Fred Alger Management LLC sold -438,293 shares of Everbridge Inc., while D. E. Shaw & Co. LP sold -147,904 shares. At present, Fidelity Management & Research Co is holding 1,491,157 shares valued at $37.0 million. Armistice Capital LLC owned 1,200,000 shares of the company at the time of its most recent 13F filing, worth $29.77 million.

According to FactSet, Everbridge Inc.’s share price will average $27.64 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.11 percent from its previous closing price of $23.83. Analysts expect Everbridge Inc. stock to reach the higher price of $38.00, while the lowest price estimate is $23.00. However, 13 analysts have rated EVBG stock as a Hold in their predictions for 2023.


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