Financial Engines EVP Christopher Jones Sells 5,000 Shares (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Christopher Jones sold 5,000 shares of Financial Engines stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $61.16, for a total transaction of $305,800.00. Following the completion of the transaction, the executive vice president now directly owns 74,062 shares in the company, valued at approximately $4,529,632. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 down 0.50% during mid-day trading on Tuesday, hitting $61.31. The stock had a trading volume of 214,697 shares. Financial Engines has a 52-week low of $22.70 and a 52-week high of $62.09. The stock’s 50-day moving average is $55.44 and its 200-day moving average is $44.8. The company has a market cap of $3.046 billion and a P/E ratio of 133.96.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. 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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