Financial Engines EVP Garry Hallee Unloads 9,640 Shares (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Garry Hallee sold 9,640 shares of the company’s stock on the open market in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $55.85, for a total value of $538,394.00. Following the completion of the transaction, the executive vice president now directly owns 87,924 shares of the company’s stock, valued at approximately $4,910,555. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Financial Engines (NASDAQ:FNGN) traded down 5.38% during mid-day trading on Tuesday, hitting $54.13. 437,680 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 $57.1 and its 200-day moving average is $46.67. The company has a market cap of $2.689 billion and a price-to-earnings ratio of 124.36.
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. On average, analysts predict that Financial Engines will post $0.71 earnings per share for the current fiscal year.
Separately, analysts at Needham & Company raised their price target on shares of Financial Engines 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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