Longfellow Investment Management Co. LLC Boosts Stock Position in Everbridge, Inc. (NASDAQ:EVBG)

Longfellow Investment Management Co. LLC raised its position in shares of Everbridge, Inc. (NASDAQ:EVBG) by 65.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,071 shares of the technology company’s stock after buying an additional 820 shares during the period. Longfellow Investment Management Co. LLC’s holdings in Everbridge were worth $72,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EVBG. Charles Schwab Investment Management Inc. lifted its holdings in shares of Everbridge by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock valued at $9,026,000 after purchasing an additional 2,770 shares during the last quarter. Versor Investments LP acquired a new stake in Everbridge in the fourth quarter worth about $363,000. Principal Financial Group Inc. grew its stake in shares of Everbridge by 30.6% during the fourth quarter. Principal Financial Group Inc. now owns 24,176 shares of the technology company’s stock worth $588,000 after acquiring an additional 5,658 shares during the last quarter. Panagora Asset Management Inc. grew its stake in shares of Everbridge by 13.5% during the fourth quarter. Panagora Asset Management Inc. now owns 245,862 shares of the technology company’s stock worth $5,977,000 after acquiring an additional 29,302 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Everbridge during the fourth quarter valued at about $7,016,000. 89.95% of the stock is currently owned by institutional investors.

Everbridge Price Performance

NASDAQ:EVBG remained flat at $35.00 during mid-day trading on Monday. 448 shares of the company’s stock traded hands, compared to its average volume of 969,549. The business’s 50-day moving average price is $35.00 and its two-hundred day moving average price is $34.61. The company has a market capitalization of $1.46 billion, a PE ratio of -22.44, a price-to-earnings-growth ratio of 0.95 and a beta of 0.98. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.03. Everbridge, Inc. has a one year low of $18.50 and a one year high of $36.31.

Insider Transactions at Everbridge

In related news, insider Bryan Reed Barney sold 3,276 shares of Everbridge stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $34.99, for a total transaction of $114,627.24. Following the completion of the transaction, the insider now directly owns 18,569 shares in the company, valued at $649,729.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EVBG. Robert W. Baird boosted their target price on shares of Everbridge from $29.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. StockNews.com initiated coverage on Everbridge in a research note on Monday, September 2nd. They issued a “hold” rating for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Everbridge in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.40.

About Everbridge

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables 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.