NumerixS Investment Technologies Inc Makes New $224,000 Investment in Everbridge Inc (NASDAQ:EVBG)

NumerixS Investment Technologies Inc purchased a new stake in Everbridge Inc (NASDAQ:EVBG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,500 shares of the technology company’s stock, valued at approximately $224,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EVBG. Sun Life Financial INC acquired a new position in shares of Everbridge in the 2nd quarter valued at about $61,000. SG Americas Securities LLC acquired a new position in shares of Everbridge in the 1st quarter valued at about $104,000. First Mercantile Trust Co. acquired a new position in shares of Everbridge in the 1st quarter valued at about $120,000. Rehmann Capital Advisory Group boosted its holdings in shares of Everbridge by 68.1% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,716 shares of the technology company’s stock valued at $129,000 after buying an additional 695 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of Everbridge by 22.4% in the 2nd quarter. Advisor Group Inc. now owns 1,460 shares of the technology company’s stock valued at $131,000 after buying an additional 267 shares during the period.

Shares of EVBG stock traded up $1.83 during midday trading on Thursday, reaching $68.62. 13,546 shares of the company were exchanged, compared to its average volume of 638,028. Everbridge Inc has a 12 month low of $41.94 and a 12 month high of $104.22. The company has a market cap of $2.18 billion, a P/E ratio of -47.93 and a beta of 0.95. The company’s 50 day moving average price is $82.68 and its two-hundred day moving average price is $81.65. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.40 and a current ratio of 2.40.

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

In related news, insider Robert W. Hughes sold 15,625 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Patrick Brickley sold 8,183 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $69.85, for a total transaction of $571,582.55. Insiders have sold a total of 96,795 shares of company stock worth $8,877,458 over the last 90 days. 2.20% of the stock is owned by insiders.

Several research firms have recently commented on EVBG. Stifel Nicolaus lifted their price target on shares of Everbridge from $91.00 to $100.00 in a report on Thursday, June 20th. Zacks Investment Research raised shares of Everbridge from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Saturday, August 10th. SunTrust Banks lifted their price target on shares of Everbridge to $100.00 and gave the company a “positive” rating in a report on Thursday, June 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 price target (up from $85.00) on shares of Everbridge in a report on Thursday, June 20th. Finally, Credit Suisse Group lifted their price target on shares of Everbridge from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $100.00.

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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