United Services Automobile Association Acquires 2,900 Shares of Everbridge Inc (EVBG)
United Services Automobile Association boosted its holdings in shares of Everbridge Inc (NASDAQ:EVBG) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,768 shares of the technology company’s stock after buying an additional 2,900 shares during the quarter. United Services Automobile Association’s holdings in Everbridge were worth $1,175,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fred Alger Management Inc. grew its position in Everbridge by 12.7% during the second quarter. Fred Alger Management Inc. now owns 1,886,522 shares of the technology company’s stock valued at $89,459,000 after buying an additional 212,555 shares during the period. BlackRock Inc. grew its position in Everbridge by 34.6% during the second quarter. BlackRock Inc. now owns 1,600,912 shares of the technology company’s stock valued at $75,914,000 after buying an additional 411,577 shares during the period. Lord Abbett & CO. LLC grew its position in Everbridge by 22.8% during the first quarter. Lord Abbett & CO. LLC now owns 1,315,241 shares of the technology company’s stock valued at $48,138,000 after buying an additional 244,438 shares during the period. Brown Advisory Inc. grew its position in Everbridge by 73.4% during the second quarter. Brown Advisory Inc. now owns 560,187 shares of the technology company’s stock valued at $26,565,000 after buying an additional 237,207 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC lifted its holdings in Everbridge by 2.9% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 495,382 shares of the technology company’s stock valued at $23,491,000 after purchasing an additional 13,986 shares in the last quarter. Institutional investors own 89.16% of the company’s stock.
In other news, President Robert W. Hughes sold 5,784 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $47.70, for a total value of $275,896.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Elliot J. Mark sold 3,500 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $60.28, for a total transaction of $210,980.00. The disclosure for this sale can be found here. Insiders sold 706,260 shares of company stock worth $35,296,881 in the last three months. Insiders own 11.20% of the company’s stock.
Everbridge (NASDAQ:EVBG) last released its earnings results on Monday, August 6th. The technology company reported ($0.18) EPS for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $34.18 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was up 43.2% compared to the same quarter last year. equities research analysts predict that Everbridge Inc will post -1.55 EPS for the current fiscal year.
EVBG has been the topic of several analyst reports. Zacks Investment Research raised shares of Everbridge from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Northland Securities reaffirmed a “buy” rating and set a $55.00 price target on shares of Everbridge in a report on Tuesday, August 7th. Credit Suisse Group lifted their price target on shares of Everbridge from $56.00 to $58.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. BidaskClub raised shares of Everbridge from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Finally, KeyCorp lifted their price target on shares of Everbridge from $45.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, June 15th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $50.56.
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.
Featured Article: What is Considered a Good Return on Equity (ROE)?
Want to see what other hedge funds are holding EVBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everbridge Inc (NASDAQ:EVBG).
Receive News & Ratings for Everbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Everbridge and related companies with MarketBeat.com's FREE daily email newsletter.