Virtu Financial LLC Acquires Shares of 39,987 Everbridge, Inc. (NASDAQ:EVBG)

Virtu Financial LLC acquired a new position in Everbridge, Inc. (NASDAQ:EVBG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,987 shares of the technology company’s stock, valued at approximately $1,399,000. Virtu Financial LLC owned approximately 0.10% of Everbridge as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Quest Partners LLC purchased a new stake in Everbridge during the 2nd quarter valued at $40,000. Longfellow Investment Management Co. LLC increased its position in Everbridge by 65.5% during the second quarter. Longfellow Investment Management Co. LLC now owns 2,071 shares of the technology company’s stock valued at $72,000 after acquiring an additional 820 shares during the last quarter. Mcdonald Capital Investors Inc. CA purchased a new stake in shares of Everbridge in the second quarter valued at $297,000. Syon Capital LLC bought a new stake in shares of Everbridge in the 4th quarter worth about $219,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Everbridge by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,005 shares of the technology company’s stock worth $315,000 after purchasing an additional 836 shares during the period. 89.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Everbridge in a report on Wednesday. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.40.

Insider Buying and Selling at Everbridge

In other 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 transaction of $114,627.24. Following the transaction, the insider now directly owns 18,569 shares of the company’s stock, valued at $649,729.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.44% of the stock is owned by corporate insiders.

Everbridge Stock Performance

NASDAQ EVBG opened at $35.00 on Thursday. The stock has a market cap of $1.46 billion, a PE ratio of -22.44, a PEG ratio of 0.95 and a beta of 0.98. Everbridge, Inc. has a 12 month low of $18.50 and a 12 month high of $36.31. The company’s 50-day moving average price is $35.00 and its 200-day moving average price is $34.89. 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 Company Profile

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.