Envestnet Inc (ENV) CFO Peter D’arrigo Sells 10,000 Shares of Stock

Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $50.00, for a total transaction of $500,000.00. Following the completion of the transaction, the chief financial officer now owns 37,999 shares in the company, valued at approximately $1,899,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Peter D’arrigo also recently made the following trade(s):

  • On Friday, December 1st, Peter D’arrigo sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $48.11, for a total transaction of $962,200.00.
  • On Monday, November 27th, Peter D’arrigo sold 3,105 shares of Envestnet stock. The shares were sold at an average price of $50.01, for a total transaction of $155,281.05.
  • On Friday, November 24th, Peter D’arrigo sold 20,005 shares of Envestnet stock. The shares were sold at an average price of $49.68, for a total transaction of $993,848.40.
  • On Friday, November 17th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $50.15, for a total transaction of $1,504,500.00.
  • On Friday, November 10th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $51.49, for a total transaction of $1,544,700.00.

Envestnet Inc (ENV) traded up $0.45 on Friday, hitting $50.10. 163,851 shares of the stock were exchanged, compared to its average volume of 231,467. The stock has a market capitalization of $2,199.78, a price-to-earnings ratio of 63.65, a P/E/G ratio of 3.69 and a beta of 1.91. Envestnet Inc has a 12 month low of $30.80 and a 12 month high of $55.15. 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 posted its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $175.61 million for the quarter, compared to analyst estimates of $171.57 million. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share. analysts forecast that Envestnet Inc will post 0.9 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in ENV. Teachers Advisors LLC grew its position in shares of Envestnet by 4.0% during the first quarter. Teachers Advisors LLC now owns 70,453 shares of the business services provider’s stock worth $2,276,000 after buying an additional 2,683 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Envestnet during the first quarter worth approximately $2,018,000. Bank of America Corp DE grew its position in shares of Envestnet by 10.0% during the first quarter. Bank of America Corp DE now owns 26,612 shares of the business services provider’s stock worth $860,000 after buying an additional 2,411 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Envestnet by 1.5% during the second quarter. Nisa Investment Advisors LLC now owns 13,610 shares of the business services provider’s stock worth $489,000 after buying an additional 200 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Envestnet by 82.3% during the second quarter. Russell Investments Group Ltd. now owns 289,610 shares of the business services provider’s stock worth $11,468,000 after buying an additional 130,772 shares in the last quarter. 94.99% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on ENV shares. Zacks Investment Research lowered shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Royal Bank Of Canada reiterated a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. JMP Securities lifted their price objective on shares of Envestnet from $48.00 to $56.00 and gave the company an “outperform” rating in a research note on Tuesday, September 26th. They noted that the move was a valuation call. William Blair reiterated an “ourperform” rating on shares of Envestnet in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $52.00 price objective on shares of Envestnet in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Envestnet has a consensus rating of “Buy” and an average target price of $55.13.

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About Envestnet

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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