Envestnet Inc (NYSE:ENV) COO Joshua Mayer sold 6,743 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $57.88, for a total transaction of $390,284.84. Following the completion of the sale, the chief operating officer now directly owns 49,089 shares of the company’s stock, valued at approximately $2,841,271.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Joshua Mayer also recently made the following trade(s):
- On Friday, December 22nd, Joshua Mayer sold 30,800 shares of Envestnet stock. The shares were sold at an average price of $52.06, for a total transaction of $1,603,448.00.
Envestnet Inc (NYSE:ENV) traded up $0.80 during mid-day trading on Tuesday, reaching $58.85. The company had a trading volume of 125,416 shares, compared to its average volume of 247,808. The firm has a market capitalization of $2,571.68, a P/E ratio of 66.09, a PEG ratio of 2.92 and a beta of 1.86. Envestnet Inc has a fifty-two week low of $30.80 and a fifty-two week high of $59.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.93 and a current ratio of 0.93.
Envestnet (NYSE:ENV) last posted its quarterly earnings results on Thursday, February 22nd. The business services provider reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.01. The business had revenue of $182.86 million during the quarter, compared to the consensus estimate of $179.20 million. Envestnet had a positive return on equity of 9.93% and a negative net margin of 0.48%. Envestnet’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. analysts anticipate that Envestnet Inc will post 1.31 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Envestnet from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. 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 a consensus rating of “Buy” and a consensus target price of $55.00.
A number of hedge funds have recently bought and sold shares of the stock. Atlanta Capital Management Co. L L C acquired a new position in Envestnet during the third quarter worth about $22,763,000. Renaissance Technologies LLC raised its stake in Envestnet by 96.3% during the fourth quarter. Renaissance Technologies LLC now owns 321,192 shares of the business services provider’s stock worth $16,011,000 after acquiring an additional 157,600 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Envestnet by 193.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 221,805 shares of the business services provider’s stock worth $11,057,000 after acquiring an additional 146,117 shares in the last quarter. Nationwide Fund Advisors raised its stake in Envestnet by 45.7% during the third quarter. Nationwide Fund Advisors now owns 397,559 shares of the business services provider’s stock worth $20,276,000 after acquiring an additional 124,733 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in Envestnet by 287.1% during the third quarter. Prudential Financial Inc. now owns 165,204 shares of the business services provider’s stock worth $8,426,000 after acquiring an additional 122,530 shares in the last quarter. 93.21% of the stock is owned by institutional investors and hedge funds.
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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.
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