Natixis Makes New $3.23 Million Investment in Everbridge Inc (NASDAQ:EVBG)

Natixis purchased a new position in Everbridge Inc (NASDAQ:EVBG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,128 shares of the technology company’s stock, valued at approximately $3,231,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of Everbridge during the first quarter worth about $30,000. Sun Life Financial INC purchased a new stake in shares of Everbridge during the second quarter worth about $61,000. SG Americas Securities LLC purchased a new stake in shares of Everbridge during the first quarter worth about $104,000. First Mercantile Trust Co. purchased a new stake in shares of Everbridge during the first quarter worth about $120,000. Finally, Rehmann Capital Advisory Group grew its position in shares of Everbridge by 68.1% during the first quarter. Rehmann Capital Advisory Group now owns 1,716 shares of the technology company’s stock worth $129,000 after purchasing an additional 695 shares in the last quarter.

Several analysts recently issued reports on the company. SunTrust Banks increased their target price on Everbridge to $100.00 and gave the stock a “positive” rating in a research report on Thursday, June 20th. Zacks Investment Research upgraded Everbridge from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Saturday, August 10th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 target price (up previously from $85.00) on shares of Everbridge in a research report on Thursday, June 20th. Canaccord Genuity increased their target price on Everbridge from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Robert W. Baird increased their target price on Everbridge from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $100.00.

In other news, SVP Imad Mouline sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $88.14, for a total value of $6,169,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert W. Hughes sold 19,278 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $102.93, for a total value of $1,984,284.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 158,612 shares of company stock valued at $14,475,675. 2.20% of the stock is owned by corporate insiders.

Everbridge stock traded down $0.85 during midday trading on Friday, reaching $68.91. 14,722 shares of the stock traded hands, compared to its average volume of 516,889. The stock’s fifty day moving average is $86.70 and its 200-day moving average is $81.72. Everbridge Inc has a 12 month low of $41.94 and a 12 month high of $104.22. The stock has a market cap of $2.37 billion, a P/E ratio of -48.50 and a beta of 0.95. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.52.

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

About Everbridge

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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