Eventbrite, Inc. (NYSE:EB) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its holdings in shares of Eventbrite, Inc. (NYSE:EB) by 43.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,217 shares of the company’s stock after selling 10,260 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Eventbrite were worth $44,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of Eventbrite by 3.5% during the 2nd quarter. Rhumbline Advisers now owns 112,477 shares of the company’s stock worth $544,000 after buying an additional 3,829 shares during the last quarter. XTX Topco Ltd raised its stake in Eventbrite by 350.8% during the 2nd quarter. XTX Topco Ltd now owns 97,125 shares of the company’s stock worth $470,000 after acquiring an additional 75,582 shares in the last quarter. Sei Investments Co. lifted its position in Eventbrite by 122.2% in the second quarter. Sei Investments Co. now owns 256,031 shares of the company’s stock valued at $1,239,000 after acquiring an additional 140,794 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Eventbrite by 135.9% in the second quarter. Cubist Systematic Strategies LLC now owns 316,669 shares of the company’s stock valued at $1,533,000 after acquiring an additional 182,452 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Eventbrite by 1,371.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 66,076 shares of the company’s stock worth $320,000 after purchasing an additional 61,586 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Charles Baker sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the transaction, the chief operating officer now owns 617,487 shares of the company’s stock, valued at approximately $2,192,078.85. The trade was a 3.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 21.46% of the company’s stock.

Eventbrite Stock Up 1.8 %

Shares of NYSE:EB opened at $3.44 on Thursday. Eventbrite, Inc. has a 1-year low of $2.51 and a 1-year high of $9.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $333.27 million, a P/E ratio of -38.22 and a beta of 2.26. The firm has a fifty day moving average price of $3.56 and a 200 day moving average price of $3.56.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and issued a $7.00 target price on shares of Eventbrite in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.58.

About Eventbrite

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.