Insider Selling: Financial Engines CEO Sells 15,000 Shares of Stock (FNGN)
Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of Financial Engines stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $52.86, for a total value of $792,900.00. The sale was disclosed in a 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 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 0.19% during mid-day trading on Friday, hitting $52.86. 381,149 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 has a 50-day moving average of $57.24 and a 200-day moving average of $46.88. The company has a market cap of $2.626 billion and a price-to-earnings ratio of 114.70.
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. 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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