Insider Selling: Anne Tuttle Cappel Unloads 4,000 Shares of Financial Engines Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Anne Tuttle Cappel sold 4,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $59.83, for a total transaction of $239,320.00. Following the completion of the sale, the executive vice president now directly owns 6,278 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Needham & Company raised their price target on shares of Financial Engines (NASDAQ:FNGN) from $45.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
Financial Engines (NASDAQ:FNGN) traded up 2.83% on Tuesday, hitting $60.64. 259,433 shares of the company’s stock traded hands. Financial Engines has a one year low of $22.51 and a one year high of $59.53. The stock’s 50-day moving average is $53.67 and its 200-day moving average is $43.88. The company has a market cap of $3.013 billion and a P/E ratio of 128.20.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.16. The company had revenue of $57.80 million for the quarter, compared to the consensus estimate of $50.83 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 30.5% on a year-over-year basis. On average, analysts predict that Financial Engines will post $0.71 earnings per share for the current fiscal year.
Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.
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