Nicholas Investment Partners LP increased its position in Everbridge, Inc. (NASDAQ:EVBG) by 85.9% during the fourth quarter, Holdings Channel reports. The fund owned 428,645 shares of the company’s stock after buying an additional 198,015 shares during the period. Nicholas Investment Partners LP’s holdings in Everbridge were worth $7,908,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Monashee Investment Management LLC bought a new position in Everbridge during the third quarter worth $3,732,000. Granite Point Capital Management L.P. acquired a new position in shares of Everbridge during the third quarter valued at approximately $1,543,000. State Street Corp acquired a new position in shares of Everbridge during the fourth quarter valued at approximately $1,490,000. HBK Investments L P acquired a new position in shares of Everbridge during the third quarter valued at approximately $1,180,000. Finally, Laurion Capital Management LP acquired a new position in shares of Everbridge during the third quarter valued at approximately $1,012,000. 24.16% of the stock is owned by hedge funds and other institutional investors.
Shares of Everbridge, Inc. (NASDAQ:EVBG) traded up 3.17% during midday trading on Monday, hitting $19.50. 216,610 shares of the stock were exchanged. Everbridge, Inc. has a 12-month low of $11.76 and a 12-month high of $20.66. The firm has a 50 day moving average of $18.76 and a 200 day moving average of $17.01. The firm’s market cap is $529.39 million.
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Separately, Canaccord Genuity reissued a “buy” rating and issued a $22.00 price target on shares of Everbridge in a research report on Wednesday, February 1st. Eight equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $20.17.
Everbridge, Inc is a global enterprise software company that provides applications, which automate the delivery of information to help keep people safe and businesses running. During critical business events or man-made or natural disasters, over 3,000 global customers rely on the Everbridge platform to construct and deliver contextual notifications to millions of people at one time.
Want to see what other hedge funds are holding EVBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Everbridge, Inc. (NASDAQ:EVBG).
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