Insider Selling: Financial Engines CFO Unloads 5,000 Shares of Stock (FNGN)
Financial Engines (NASDAQ:FNGN) CFO Raymond Sims sold 5,000 shares of Financial Engines stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.02, for a total value of $300,100.00. Following the completion of the sale, the chief financial officer now directly owns 7,127 shares of the company’s stock. The sale 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.
Shares of Financial Engines (NASDAQ:FNGN) traded up 1.31% during mid-day trading on Thursday, hitting $61.19. 247,801 shares of the company’s stock traded hands. Financial Engines has a 1-year low of $22.68 and a 1-year high of $61.08. The stock has a 50-day moving average of $54.41 and a 200-day moving average of $44.20. The company has a market cap of $3.040 billion and a P/E ratio of 131.30.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, August 1st. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.11 earnings per share. Financial Engines’s revenue was up 30.5% compared to the same quarter last year. Analysts expect that Financial Engines will post $0.71 EPS 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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