Envestnet Inc (ENV) Insider Sells $72,195.00 in Stock

Envestnet Inc (NYSE:ENV) insider Shelly O’brien sold 1,500 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $48.13, for a total transaction of $72,195.00. Following the completion of the sale, the insider now directly owns 37,686 shares of the company’s stock, valued at $1,813,827.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shelly O’brien also recently made the following trade(s):

  • On Wednesday, November 1st, Shelly O’brien sold 3,000 shares of Envestnet stock. The shares were sold at an average price of $53.28, for a total transaction of $159,840.00.
  • On Friday, October 27th, Shelly O’brien sold 3,000 shares of Envestnet stock. The shares were sold at an average price of $53.48, for a total transaction of $160,440.00.
  • On Wednesday, September 27th, Shelly O’brien sold 2,000 shares of Envestnet stock. The shares were sold at an average price of $49.96, for a total transaction of $99,920.00.

Shares of Envestnet Inc (NYSE ENV) traded up $0.65 on Tuesday, hitting $49.15. 350,681 shares of the stock traded hands, compared to its average volume of 269,806. Envestnet Inc has a 52-week low of $30.80 and a 52-week high of $55.15. The stock has a market cap of $2,151.05, a PE ratio of 62.24, a PEG ratio of 3.60 and a beta of 1.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.90.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The firm had revenue of $175.61 million during the quarter, compared to analysts’ expectations of $171.57 million. During the same quarter in the prior year, the company earned $0.28 EPS. The company’s revenue was up 17.7% compared to the same quarter last year. equities analysts expect that Envestnet Inc will post 0.9 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of Envestnet by 80.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,324 shares of the business services provider’s stock worth $4,097,000 after purchasing an additional 35,706 shares during the period. Ashford Capital Management Inc. lifted its position in shares of Envestnet by 0.4% in the 3rd quarter. Ashford Capital Management Inc. now owns 241,458 shares of the business services provider’s stock worth $12,314,000 after purchasing an additional 962 shares during the period. California Public Employees Retirement System lifted its position in shares of Envestnet by 6.4% in the 3rd quarter. California Public Employees Retirement System now owns 37,156 shares of the business services provider’s stock worth $1,895,000 after purchasing an additional 2,250 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of Envestnet in the 3rd quarter worth approximately $238,000. Finally, Zions Bancorporation purchased a new stake in shares of Envestnet in the 3rd quarter worth approximately $181,000. 94.99% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on ENV. UBS lowered their price objective on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Zacks Investment Research cut shares of Envestnet from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price objective (up from $52.00) on shares of Envestnet in a research report on Thursday, November 9th. Royal Bank Of Canada reissued a “hold” rating on shares of Envestnet in a research report on Tuesday, November 7th. Finally, Jefferies Group boosted their price objective on shares of Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $55.13.

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Envestnet Company Profile

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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