Westside Investment Management Inc. Makes New $169,000 Investment in Everbridge Inc (NASDAQ:EVBG)

Westside Investment Management Inc. purchased a new position in Everbridge Inc (NASDAQ:EVBG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,895 shares of the technology company’s stock, valued at approximately $169,000.

A number of other large investors have also recently made changes to their positions in the business. Falcon Point Capital LLC lifted its stake in Everbridge by 2.2% during the second quarter. Falcon Point Capital LLC now owns 27,220 shares of the technology company’s stock worth $2,434,000 after purchasing an additional 596 shares during the last quarter. First Hawaiian Bank lifted its stake in Everbridge by 8.0% during the second quarter. First Hawaiian Bank now owns 4,050 shares of the technology company’s stock worth $362,000 after purchasing an additional 300 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in Everbridge during the second quarter worth about $259,000. Zweig DiMenna Associates LLC lifted its stake in Everbridge by 12.6% during the second quarter. Zweig DiMenna Associates LLC now owns 86,447 shares of the technology company’s stock worth $7,730,000 after purchasing an additional 9,667 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in Everbridge by 6.7% during the first quarter. Metropolitan Life Insurance Co NY now owns 9,147 shares of the technology company’s stock worth $686,000 after purchasing an additional 572 shares during the last quarter. Institutional investors and hedge funds own 96.92% of the company’s stock.

NASDAQ:EVBG traded down $13.59 during mid-day trading on Tuesday, reaching $81.24. 939,983 shares of the company’s stock traded hands, compared to its average volume of 344,034. Everbridge Inc has a 12-month low of $41.94 and a 12-month high of $104.22. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of -56.81 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.42 and a quick ratio of 2.42. The firm’s 50 day moving average is $95.66.

Everbridge (NASDAQ:EVBG) last announced its quarterly earnings results on Monday, August 5th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. Everbridge had a negative return on equity of 52.04% and a negative net margin of 30.93%. The company had revenue of $48.40 million for the quarter, compared to the consensus estimate of $47.99 million. During the same quarter in the previous year, the business earned ($0.18) EPS. Everbridge’s revenue was up 35.2% compared to the same quarter last year. On average, research analysts expect that Everbridge Inc will post -1.41 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. SunTrust Banks lifted their price objective on Everbridge to $100.00 and gave the stock a “positive” rating in a report on Thursday, June 20th. KeyCorp reiterated a “hold” rating on shares of Everbridge in a report on Thursday, June 20th. Zacks Investment Research upgraded Everbridge from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. Bank of America lifted their price objective on Everbridge from $85.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. Finally, Stifel Nicolaus lifted their price objective on Everbridge from $91.00 to $100.00 in a report on Thursday, June 20th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Everbridge has a consensus rating of “Buy” and a consensus target price of $97.92.

In related news, SVP Imad Mouline sold 13,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $80.25, for a total transaction of $1,043,250.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert W. Hughes sold 19,278 shares of Everbridge 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. In the last 90 days, insiders have sold 420,719 shares of company stock worth $35,493,696. 2.20% of the stock is owned by company insiders.

Everbridge 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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