Bank of New York Mellon Corp Purchases 14,227 Shares of Everbridge, Inc. (NASDAQ:EVBG)

Bank of New York Mellon Corp lifted its position in shares of Everbridge, Inc. (NASDAQ:EVBG) by 9.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,305 shares of the technology company’s stock after acquiring an additional 14,227 shares during the period. Bank of New York Mellon Corp owned approximately 0.40% of Everbridge worth $5,854,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Everbridge by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 371,278 shares of the technology company’s stock worth $9,026,000 after purchasing an additional 2,770 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Everbridge by 30.6% in the 4th quarter. Principal Financial Group Inc. now owns 24,176 shares of the technology company’s stock worth $588,000 after buying an additional 5,658 shares in the last quarter. Panagora Asset Management Inc. raised its position in Everbridge by 13.5% in the 4th quarter. Panagora Asset Management Inc. now owns 245,862 shares of the technology company’s stock worth $5,977,000 after buying an additional 29,302 shares during the last quarter. Norges Bank bought a new position in Everbridge during the 4th quarter valued at about $7,016,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Everbridge during the 4th quarter valued at about $1,809,000. 89.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Everbridge in a report on Tuesday. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.40.

Everbridge Price Performance

EVBG stock opened at $35.00 on Friday. The company has a market cap of $1.46 billion, a price-to-earnings ratio of -22.44, a P/E/G ratio of 0.95 and a beta of 0.98. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50-day moving average is $35.00 and its two-hundred day moving average is $34.71. Everbridge, Inc. has a fifty-two week low of $18.50 and a fifty-two week high of $36.31.

Insider Activity

In related news, insider Bryan Reed Barney sold 3,276 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $34.99, for a total value of $114,627.24. Following the transaction, the insider now owns 18,569 shares of the company’s stock, valued at $649,729.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.44% of the company’s stock.

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.