Everbridge (NASDAQ:EVBG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Everbridge (NASDAQ:EVBG) in a report issued on Wednesday. The firm set a “hold” rating on the technology company’s stock.

Everbridge Stock Performance

Everbridge stock opened at $35.00 on Wednesday. The stock has a 50-day simple moving average of $35.00 and a 200 day simple moving average of $34.89. The stock has a market capitalization 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 quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.03. Everbridge has a 12-month low of $18.50 and a 12-month high of $36.31.

Insiders Place Their Bets

In other Everbridge news, insider Bryan Reed Barney sold 3,276 shares of the company’s stock in a transaction 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 transaction, the insider now owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.44% of the company’s stock.

Institutional Trading of Everbridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC boosted its stake in shares of Everbridge by 184.6% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 14,286 shares of the technology company’s stock valued at $500,000 after purchasing an additional 9,266 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Everbridge by 39.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,814 shares of the technology company’s stock valued at $168,000 after buying an additional 1,372 shares during the period. Maven Securities LTD acquired a new position in Everbridge in the second quarter valued at approximately $2,008,000. AQR Capital Management LLC boosted its stake in Everbridge by 2.3% in the second quarter. AQR Capital Management LLC now owns 40,051 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 910 shares during the last quarter. Finally, Paulson & CO. Inc. acquired a new stake in Everbridge during the 2nd quarter worth $43,000. 89.95% of the stock is currently owned by institutional investors and hedge funds.

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.