American International Group Inc. Invests $108,000 in Everbridge, Inc. (EVBG)
American International Group Inc. bought a new stake in Everbridge, Inc. (NASDAQ:EVBG) during the first quarter, Holdings Channel reports. The fund bought 5,261 shares of the technology company’s stock, valued at approximately $108,000.
A number of other large investors have also bought and sold shares of EVBG. Russell Investments Group Ltd. acquired a new stake in Everbridge during the fourth quarter valued at $529,000. State Street Corp acquired a new stake in Everbridge during the fourth quarter valued at $1,490,000. Teachers Advisors LLC acquired a new stake in Everbridge during the fourth quarter valued at $180,000. Wells Fargo & Company MN boosted its stake in Everbridge by 404.7% in the first quarter. Wells Fargo & Company MN now owns 27,652 shares of the technology company’s stock valued at $568,000 after buying an additional 22,173 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Everbridge by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 118,442 shares of the technology company’s stock valued at $2,432,000 after buying an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 37.60% of the company’s stock.
Shares of Everbridge, Inc. (NASDAQ:EVBG) opened at 22.46 on Thursday. The firm has a 50-day moving average price of $23.58 and a 200-day moving average price of $21.98. Everbridge, Inc. has a 52 week low of $11.76 and a 52 week high of $26.87. The stock’s market cap is $626.12 million.
Everbridge (NASDAQ:EVBG) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Everbridge had a negative return on equity of 27.23% and a negative net margin of 16.72%. The company had revenue of $25 million for the quarter, compared to the consensus estimate of $24.49 million. The company’s quarterly revenue was up 34.4% on a year-over-year basis. On average, analysts forecast that Everbridge, Inc. will post ($0.28) earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on EVBG shares. Zacks Investment Research cut Everbridge from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Needham & Company LLC started coverage on Everbridge in a research note on Monday, April 17th. They set a “buy” rating and a $25.00 target price for the company. Pacific Crest restated a “buy” rating on shares of Everbridge in a research note on Tuesday, May 9th. Stifel Nicolaus restated a “buy” rating and set a $27.00 target price (up previously from $22.00) on shares of Everbridge in a research note on Tuesday, May 9th. Finally, Bank of America Corporation boosted their price objective on Everbridge from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.60.
In other Everbridge news, SVP Claudia Dent sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $25.95, for a total transaction of $103,800.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Imad Mouline sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the senior vice president now directly owns 232,301 shares in the company, valued at approximately $5,807,525. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 252,907 shares of company stock worth $5,929,358. 41.40% of the stock is currently owned by company insiders.
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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