Envestnet Inc (NYSE:ENV) COO Joshua Mayer sold 186 shares of the company’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $55.00, for a total value of $10,230.00. Following the completion of the sale, the chief operating officer now owns 35,470 shares of the company’s stock, valued at $1,950,850. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Joshua Mayer also recently made the following trade(s):
- On Thursday, November 8th, Joshua Mayer sold 2,606 shares of Envestnet stock. The stock was sold at an average price of $55.00, for a total value of $143,330.00.
- On Monday, October 1st, Joshua Mayer sold 186 shares of Envestnet stock. The stock was sold at an average price of $61.11, for a total value of $11,366.46.
Envestnet stock traded down $0.13 during midday trading on Thursday, reaching $52.95. The company’s stock had a trading volume of 7,871 shares, compared to its average volume of 344,798. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.72 and a current ratio of 0.72. Envestnet Inc has a 52-week low of $48.38 and a 52-week high of $64.80. The stock has a market cap of $2.43 billion, a PE ratio of 59.81, a price-to-earnings-growth ratio of 2.53 and a beta of 1.87.
Envestnet (NYSE:ENV) last released its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.03. Envestnet had a return on equity of 11.32% and a net margin of 2.95%. The company had revenue of $203.20 million during the quarter, compared to analysts’ expectations of $203.99 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. As a group, sell-side analysts predict that Envestnet Inc will post 1.29 EPS for the current fiscal year.
A number of brokerages recently weighed in on ENV. Zacks Investment Research cut Envestnet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 29th. TheStreet cut Envestnet from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Rosenblatt Securities began coverage on Envestnet in a research note on Wednesday. They set a “buy” rating and a $65.00 price objective for the company. UBS Group upped their price objective on Envestnet from $62.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Finally, DA Davidson upgraded Envestnet from a “neutral” rating to a “buy” rating in a research note on Thursday, November 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $64.43.
A number of institutional investors have recently added to or reduced their stakes in ENV. Wasatch Advisors Inc. raised its stake in Envestnet by 38.6% in the second quarter. Wasatch Advisors Inc. now owns 2,489,378 shares of the business services provider’s stock valued at $136,791,000 after buying an additional 692,878 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Envestnet by 16.7% in the second quarter. BlackRock Inc. now owns 3,150,212 shares of the business services provider’s stock valued at $173,104,000 after purchasing an additional 451,887 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Envestnet by 5.8% in the second quarter. Wells Fargo & Company MN now owns 3,651,578 shares of the business services provider’s stock valued at $200,655,000 after purchasing an additional 198,782 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Envestnet by 39.8% in the third quarter. Victory Capital Management Inc. now owns 659,518 shares of the business services provider’s stock valued at $40,198,000 after purchasing an additional 187,607 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Envestnet by 88.7% in the third quarter. Dimensional Fund Advisors LP now owns 363,129 shares of the business services provider’s stock valued at $22,133,000 after purchasing an additional 170,702 shares during the period. Institutional investors own 97.79% of the company’s stock.
WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/12/06/insider-selling-envestnet-inc-env-coo-sells-186-shares-of-stock.html.
Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
Featured Story: How can you know how many shares are floating?
Receive News & Ratings for Envestnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet and related companies with MarketBeat.com's FREE daily email newsletter.