State Board of Administration of Florida Retirement System Boosts Holdings in Everbridge, Inc. (NASDAQ:EVBG)

State Board of Administration of Florida Retirement System lifted its stake in Everbridge, Inc. (NASDAQ:EVBG) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,702 shares of the technology company’s stock after purchasing an additional 1,687 shares during the period. State Board of Administration of Florida Retirement System owned 0.13% of Everbridge worth $6,491,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of EVBG. Advisors Asset Management Inc. lifted its position in Everbridge by 15.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 16,106 shares of the technology company’s stock valued at $2,192,000 after acquiring an additional 2,184 shares during the period. Nuveen Asset Management LLC lifted its position in Everbridge by 2.2% during the 1st quarter. Nuveen Asset Management LLC now owns 174,788 shares of the technology company’s stock valued at $21,181,000 after acquiring an additional 3,741 shares during the period. Bank of New York Mellon Corp lifted its position in Everbridge by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,528,740 shares of the technology company’s stock valued at $185,254,000 after acquiring an additional 70,223 shares during the period. Cresset Asset Management LLC purchased a new position in Everbridge during the 1st quarter valued at about $216,000. Finally, Ilmarinen Mutual Pension Insurance Co increased its stake in Everbridge by 100.0% during the 2nd quarter. Ilmarinen Mutual Pension Insurance Co now owns 150,000 shares of the technology company’s stock valued at $20,412,000 after purchasing an additional 75,000 shares in the last quarter.

Everbridge stock opened at $161.92 on Wednesday. The company has a market cap of $6.22 billion, a price-to-earnings ratio of -56.03 and a beta of 0.75. The firm’s fifty day moving average is $148.41 and its 200 day moving average is $134.82. The company has a quick ratio of 2.46, a current ratio of 2.46 and a debt-to-equity ratio of 1.60. Everbridge, Inc. has a 52-week low of $100.17 and a 52-week high of $178.98.

Everbridge (NASDAQ:EVBG) last released its quarterly earnings results on Monday, August 9th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.26. The company had revenue of $86.65 million for the quarter, compared to the consensus estimate of $83.92 million. Everbridge had a negative net margin of 33.07% and a negative return on equity of 12.98%. Everbridge’s revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, equities research analysts anticipate that Everbridge, Inc. will post -1.58 earnings per share for the current fiscal year.

In other Everbridge news, insider Ajay Nigam sold 1,203 shares of the business’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $165.70, for a total transaction of $199,337.10. Following the transaction, the insider now owns 1,620 shares in the company, valued at $268,434. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Vernon Irvin sold 696 shares of the business’s stock in a transaction on Monday, August 23rd. The shares were sold at an average price of $149.79, for a total transaction of $104,253.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 13,787 shares of company stock worth $2,038,917. 0.44% of the stock is owned by insiders.

EVBG has been the subject of a number of analyst reports. Raymond James raised their price objective on shares of Everbridge from $140.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, August 10th. Stephens lifted their price target on shares of Everbridge from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 10th. Zacks Investment Research upgraded shares of Everbridge from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a research note on Tuesday, August 17th. Stifel Nicolaus boosted their target price on shares of Everbridge from $175.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, September 7th. Finally, Needham & Company LLC restated a “buy” rating and set a $175.00 target price on shares of Everbridge in a research report on Tuesday, August 10th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $171.90.

About Everbridge

Everbridge, Inc engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organizations 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.

Recommended Story: S&P/ASX 200 Index

Institutional Ownership by Quarter for Everbridge (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.