Natixis Makes New Investment in Everbridge Inc (NASDAQ:EVBG)
Natixis purchased a new position in shares of Everbridge Inc (NASDAQ:EVBG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 36,128 shares of the technology company’s stock, valued at approximately $3,231,000. Natixis owned approximately 0.11% of Everbridge as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. American International Group Inc. boosted its holdings in shares of Everbridge by 5.2% during the 1st quarter. American International Group Inc. now owns 18,595 shares of the technology company’s stock worth $1,395,000 after buying an additional 925 shares in the last quarter. Advisor Group Inc. boosted its holdings in shares of Everbridge by 22.4% during the 2nd quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock worth $131,000 after buying an additional 267 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Everbridge during the 1st quarter worth approximately $525,000. Motley Fool Asset Management LLC lifted its holdings in shares of Everbridge by 3.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 258,406 shares of the technology company’s stock worth $19,383,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Tuttle Tactical Management bought a new position in shares of Everbridge in the 2nd quarter worth $1,427,000.
NASDAQ:EVBG traded down $0.85 during trading hours on Friday, hitting $68.91. 14,722 shares of the company traded hands, compared to its average volume of 516,889. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $86.70 and its 200-day simple moving average is $81.72. Everbridge Inc has a one year low of $41.94 and a one year high of $104.22. The company has a market cap of $2.37 billion, a PE ratio of -48.50 and a beta of 0.95.
A number of equities analysts recently issued reports on EVBG shares. ValuEngine upgraded Everbridge from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a report on Saturday, August 10th. Stifel Nicolaus increased their target price on Everbridge from $91.00 to $100.00 in a report on Thursday, June 20th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 target price (up from $85.00) on shares of Everbridge in a report on Thursday, June 20th. Finally, Credit Suisse Group increased their target price on Everbridge from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Everbridge presently has an average rating of “Buy” and an average price target of $100.00.
In other Everbridge news, EVP James Totton sold 21,875 shares of Everbridge stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $94.15, for a total transaction of $2,059,531.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Phillip E. Huff sold 3,250 shares of Everbridge stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $82.95, for a total value of $269,587.50. The disclosure for this sale can be found here. In the last three months, insiders sold 158,612 shares of company stock valued at $14,475,675. 2.20% of the stock is currently owned by insiders.
Everbridge, Inc operates as a software company in the United States and internationally. The company's Critical Event Management, a software as a service based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification that enables enterprises and governmental entities to send notifications to individuals or groups to keep them informed before, during, and after natural or man-made disasters, and other emergencies; Safety Connection that enables organizations to send notifications based on last known location of an individual; Incident Management that enables organizations to automate workflows and make their communications relevant; and IT Alerting that enables IT professionals to alert and communicate with members of their teams during an IT incident or outage.
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