Trium Capital LLP Invests $5.08 Million in Everbridge, Inc. (NASDAQ:EVBG)

Trium Capital LLP purchased a new position in Everbridge, Inc. (NASDAQ:EVBG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 145,042 shares of the technology company’s stock, valued at approximately $5,075,000. Everbridge comprises about 0.6% of Trium Capital LLP’s holdings, making the stock its 14th largest holding. Trium Capital LLP owned about 0.35% of Everbridge at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EVBG. Vanguard Group Inc. lifted its holdings in Everbridge by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 5,960,756 shares of the technology company’s stock worth $144,906,000 after buying an additional 163,180 shares during the last quarter. Harber Asset Management LLC lifted its stake in Everbridge by 49.4% during the fourth quarter. Harber Asset Management LLC now owns 554,932 shares of the technology company’s stock worth $13,490,000 after purchasing an additional 183,471 shares during the last quarter. Gabelli Funds LLC acquired a new position in Everbridge in the first quarter worth $15,842,000. Charles Schwab Investment Management Inc. increased its stake in Everbridge by 0.8% during the fourth 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. Finally, Norges Bank bought a new stake in Everbridge during the fourth quarter valued at $7,016,000. 89.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVBG has been the subject of several research reports. Robert W. Baird lifted their price target on shares of Everbridge from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. StockNews.com assumed coverage on Everbridge in a research note on Monday, September 2nd. They issued a “hold” rating for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Everbridge in a report on Monday, May 13th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.40.

Everbridge Price Performance

Shares of NASDAQ:EVBG opened at $35.00 on Monday. The firm’s 50 day moving average is $35.00 and its two-hundred day moving average is $34.61. The firm has a market capitalization of $1.46 billion, a P/E ratio of -22.44, a PEG 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 52 week low of $18.50 and a 52 week high of $36.31.

Insider Buying and Selling

In other Everbridge news, insider Bryan Reed Barney sold 3,276 shares of Everbridge 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 sale, the insider now owns 18,569 shares of the company’s stock, valued at approximately $649,729.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.44% of the company’s stock.

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.