Citadel Advisors LLC Grows Stake in Everbridge, Inc. (EVBG)
Citadel Advisors LLC lifted its holdings in Everbridge, Inc. (NASDAQ:EVBG) by 163.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,117 shares of the technology company’s stock after acquiring an additional 16,190 shares during the quarter. Citadel Advisors LLC owned 0.09% of Everbridge worth $636,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its stake in shares of Everbridge by 196.3% in the second quarter. Legal & General Group Plc now owns 4,355 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,885 shares during the period. American International Group Inc. acquired a new stake in shares of Everbridge in the first quarter worth $108,000. Fortaleza Asset Management Inc. acquired a new stake in shares of Everbridge in the second quarter worth $166,000. Nationwide Fund Advisors increased its stake in shares of Everbridge by 210.1% in the second quarter. Nationwide Fund Advisors now owns 9,590 shares of the technology company’s stock worth $234,000 after acquiring an additional 6,497 shares during the period. Finally, Teachers Advisors LLC acquired a new stake in shares of Everbridge in the fourth quarter worth $180,000. Hedge funds and other institutional investors own 51.22% of the company’s stock.
In other news, Director Cintawati W. Putra sold 58,000 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $23.72, for a total transaction of $1,375,760.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joel Rosen sold 1,900 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $27.50, for a total transaction of $52,250.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 222,728 shares of company stock worth $5,183,982. Corporate insiders own 41.40% of the company’s stock.
A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Everbridge from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. William Blair reiterated a “buy” rating on shares of Everbridge in a research note on Monday, September 25th. ValuEngine upgraded shares of Everbridge from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Stifel Nicolaus increased their price objective on shares of Everbridge from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, September 18th. Finally, KeyCorp reiterated a “buy” rating and issued a $27.00 price objective on shares of Everbridge in a research note on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $26.10.
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Shares of Everbridge, Inc. (EVBG) opened at 27.05 on Friday. Everbridge, Inc. has a 52-week low of $12.92 and a 52-week high of $27.50. The firm’s market cap is $759.97 million. The company’s 50-day moving average is $25.34 and its 200 day moving average is $25.34.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.03. Everbridge had a negative net margin of 16.72% and a negative return on equity of 26.39%. The company had revenue of $25.00 million during the quarter, compared to the consensus estimate of $24.49 million. The company’s revenue was up 34.4% on a year-over-year basis. On average, analysts expect that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.
Everbridge, Inc is a global software company. The Company provides enterprise software applications that automate and accelerate organizations’ operational response to critical events in order to keep people safe and businesses running. During public safety threats, such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events, such as information technology (IT) outages, cyber-attacks or other incidents, such as product recalls or supply-chain interruptions, its Software as a Service (SaaS)-based platform enables its 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.
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