Centaurus Financial Inc. increased its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 35.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,995 shares of the company’s stock after buying an additional 2,600 shares during the period. Centaurus Financial Inc.’s holdings in Eventbrite were worth $190,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Vista Equity Partners Management LLC boosted its position in Eventbrite by 23.5% during the 1st quarter. Vista Equity Partners Management LLC now owns 1,005,982 shares of the company’s stock worth $22,293,000 after buying an additional 191,158 shares during the period. Principal Financial Group Inc. lifted its position in shares of Eventbrite by 16.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,479,619 shares of the company’s stock worth $32,789,000 after purchasing an additional 213,374 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Eventbrite by 100.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 104,293 shares of the company’s stock worth $1,888,000 after purchasing an additional 52,159 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Eventbrite by 40.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,207,751 shares of the company’s stock worth $115,403,000 after purchasing an additional 1,501,613 shares during the period. Finally, Alliancebernstein L.P. lifted its position in shares of Eventbrite by 2.7% in the 2nd quarter. Alliancebernstein L.P. now owns 78,900 shares of the company’s stock worth $1,499,000 after purchasing an additional 2,100 shares during the period. Institutional investors and hedge funds own 82.59% of the company’s stock.
In other news, CTO Vivek Sagi sold 5,710 shares of Eventbrite stock in a transaction on Friday, August 20th. The shares were sold at an average price of $16.21, for a total value of $92,559.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 14.05% of the company’s stock.
Eventbrite (NYSE:EB) last released its quarterly earnings data on Thursday, August 5th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.11. The company had revenue of $46.31 million during the quarter, compared to analyst estimates of $39.94 million. Eventbrite had a negative net margin of 119.11% and a negative return on equity of 38.62%. On average, analysts anticipate that Eventbrite, Inc. will post -0.89 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Eventbrite from a “sell” rating to a “hold” rating in a research report on Tuesday, July 13th.
Eventbrite, Inc provides event management services encompassing online ticketing, event hosting, organization, promotion, and advertising. It offers virtual events, online webinars, online classes, virtual runs, online zumba classes, and online yoga. The company was founded by Alan Michael Braverman, Renaud Visage, Kevin E.
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