NumerixS Investment Technologies Inc acquired a new position in Everbridge Inc (NASDAQ:EVBG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,500 shares of the technology company’s stock, valued at approximately $224,000.

Other institutional investors have also recently modified their holdings of the company. Sun Life Financial INC acquired a new stake in shares of Everbridge in the second quarter worth $61,000. SG Americas Securities LLC acquired a new stake in shares of Everbridge in the first quarter worth $104,000. First Mercantile Trust Co. acquired a new stake in shares of Everbridge in the first quarter worth $120,000. Rehmann Capital Advisory Group lifted its stake in shares of Everbridge by 68.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,716 shares of the technology company’s stock worth $129,000 after buying an additional 695 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in shares of Everbridge by 22.4% in the second quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock worth $131,000 after buying an additional 267 shares during the last quarter.

A number of brokerages have recently weighed in on EVBG. BidaskClub cut shares of Everbridge from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Stephens set a $98.00 target price on shares of Everbridge and gave the company a “buy” rating in a research note on Tuesday, September 10th. SunTrust Banks upped their target price on shares of Everbridge to $100.00 and gave the company a “positive” rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. upped their target price on shares of Everbridge from $75.00 to $93.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Bank of America upped their target price on shares of Everbridge from $85.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Everbridge has an average rating of “Buy” and a consensus target price of $100.00.

NASDAQ:EVBG traded up $1.83 during trading hours on Thursday, hitting $68.62. 13,546 shares of the company traded hands, compared to its average volume of 638,028. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -47.93 and a beta of 0.95. Everbridge Inc has a twelve month low of $41.94 and a twelve month high of $104.22. The firm has a 50-day moving average of $82.68 and a 200 day moving average of $81.65. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.52.

Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, August 5th. The technology company reported ($0.32) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.37) by $0.05. The firm had revenue of $48.40 million during the quarter, compared to analysts’ expectations of $47.99 million. Everbridge had a negative net margin of 25.85% and a negative return on equity of 32.97%. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.18) EPS. Equities research analysts predict that Everbridge Inc will post -1.37 earnings per share for the current fiscal year.

In other Everbridge news, insider Robert W. Hughes sold 15,625 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $91.82, for a total value of $1,434,687.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Elliot J. Mark sold 3,690 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $91.49, for a total transaction of $337,598.10. The disclosure for this sale can be found here. Insiders sold a total of 96,795 shares of company stock worth $8,877,458 in the last three months. Insiders own 2.20% of the company’s stock.

Everbridge Company Profile

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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Institutional Ownership by Quarter for Everbridge (NASDAQ:EVBG)

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