Based on 142 hedge funds · latest filing: 2024 Q2 · updated quarterly
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Selling streak — 1 quarter in a row
For 1 consecutive quarter, more hedge funds reduced or closed their EVBG positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
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Below peak — only 58% of 3.0Y high
58% of all-time peak
Only 142 funds hold EVBG today versus a peak of 244 funds at 2021 Q3 — just 58% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
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Outflows — 17% fewer funds vs a year ago
fund count last 6Q
29 fewer hedge funds hold EVBG compared to a year ago (-17% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
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More sellers than buyers — 44% buying
78 buying99 selling
Last quarter: 99 funds reduced or exited vs 78 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️
Fewer new buyers each quarter (-26 vs last Q)
new funds entering per quarter
Funds opening this position for the first time: 23 → 30 → 57 → 31. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
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Price up while funds trimmed (+21% value, -9% shares)
Last quarter: total value of institutional EVBG holdings rose +21% even though funds reduced share count by 9%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
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Acceleration phase — new buyers rushing in
22 → 23 → 30 → 57 → 31 new funds/Q
New funds entering each quarter: 23 → 30 → 57 → 31. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
Exit risk score 1.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.