Mesirow Financial Investment Management Inc. cut its stake in shares of Everbridge Inc (NASDAQ:EVBG) by 43.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,401 shares of the technology company’s stock after selling 5,621 shares during the period. Everbridge comprises about 2.2% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 12th biggest holding. Mesirow Financial Investment Management Inc.’s holdings in Everbridge were worth $427,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of the business. United Services Automobile Association raised its position in shares of Everbridge by 13.3% in the second quarter. United Services Automobile Association now owns 24,768 shares of the technology company’s stock valued at $1,175,000 after buying an additional 2,900 shares during the last quarter. Northern Trust Corp raised its position in shares of Everbridge by 41.1% in the second quarter. Northern Trust Corp now owns 313,767 shares of the technology company’s stock valued at $14,878,000 after buying an additional 91,385 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Everbridge in the second quarter valued at about $4,125,000. Bank of New York Mellon Corp raised its position in shares of Everbridge by 20.6% in the second quarter. Bank of New York Mellon Corp now owns 228,870 shares of the technology company’s stock valued at $10,852,000 after buying an additional 39,079 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Everbridge in the second quarter valued at about $324,000. Institutional investors own 89.06% of the company’s stock.
Shares of EVBG traded up $0.43 during mid-day trading on Tuesday, reaching $53.54. The stock had a trading volume of 5,511 shares, compared to its average volume of 335,155. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.74. Everbridge Inc has a 52-week low of $23.87 and a 52-week high of $63.00. The firm has a market capitalization of $1.69 billion, a P/E ratio of -93.89 and a beta of 1.24.
Everbridge (NASDAQ:EVBG) last announced its quarterly earnings data on Monday, August 6th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.04. Everbridge had a negative net margin of 31.96% and a negative return on equity of 64.53%. The firm had revenue of $35.80 million during the quarter, compared to analyst estimates of $34.18 million. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. Everbridge’s quarterly revenue was up 43.2% on a year-over-year basis. Equities research analysts predict that Everbridge Inc will post -1.54 earnings per share for the current fiscal year.
EVBG has been the subject of a number of recent research reports. Needham & Company LLC increased their target price on shares of Everbridge to $60.00 in a research report on Friday, June 15th. Bank of America upped their price objective on shares of Everbridge from $45.00 to $53.00 and gave the company a “buy” rating in a report on Monday, June 11th. BidaskClub lowered shares of Everbridge from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 20th. Canaccord Genuity reissued a “buy” rating and issued a $57.00 price objective (up previously from $52.00) on shares of Everbridge in a report on Monday, June 18th. Finally, Northland Securities reissued a “buy” rating and issued a $55.00 price objective on shares of Everbridge in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $50.56.
In other Everbridge news, SVP Imad Mouline sold 3,000 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $45.87, for a total transaction of $137,610.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jaime Wallace Ellertson sold 6,943 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $60.76, for a total transaction of $421,856.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,922 shares of company stock valued at $6,603,931. 11.20% of the stock is currently owned by insiders.
Everbridge Company Profile
Everbridge, Inc operates as a software company in the United States, Sweden, England, and China. The company offers Critical Event Management, a SaaS-based platform with various software applications that address tasks an organization has to perform to manage a critical event, including Mass Notification, which 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, which 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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