Insider Selling: Raymond Sims Sells 5,000 Shares of Financial Engines Stock (FNGN)
Financial Engines (NASDAQ:FNGN) CFO Raymond Sims sold 5,000 shares of Financial Engines stock on the open market in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $55.94, for a total transaction of $279,700.00. Following the transaction, the chief financial officer now directly owns 7,127 shares of the company’s stock, valued at approximately $398,684. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Financial Engines (NASDAQ:FNGN) traded up 3.28% on Friday, hitting $58.01. 435,959 shares of the company’s stock traded hands. Financial Engines has a 52 week low of $22.70 and a 52 week high of $63.66. The stock’s 50-day moving average is $57.03 and its 200-day moving average is $46.33. The company has a market cap of $2.882 billion and a P/E ratio of 122.11.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data 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.
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, 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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