What Smart Money Thinks about Everbridge Inc (EVBG)?

Let’s now take a look at hedge fund activity in other stocks similar to Everbridge Inc (NASDAQ:EVBG). These stocks are Century Communities, Inc (NYSE:CCS), Xactly Corp (NYSE:XTLY), Collegium Pharmaceutical Inc (NASDAQ:COLL), and 21Vianet Group Inc (NASDAQ:VNET). All of these stocks’ market caps are similar to EVBG’s market cap.

As you can see these stocks had an average of 11 funds with bullish positions and the average amount invested in these stocks was $65 million. That figure was $25 million in EVBG’s case. Century Communities, Inc (NYSE:CCS) and Xactly Corp (NYSE:XTLY) are the most popular stocks in this table with 13 funds holding shares of each of them. On the other hand 21Vianet Group Inc (NASDAQ:VNET) is the least popular one with only nine funds holding shares. Everbridge Inc (NASDAQ:EVBG) registers the same level of popularity as CCS and XTLY, which suggests that it may be a good idea to analyze it in more detail and potentially including it in one’s portfolio.

Disclosure: None