Insider Selling: Envestnet President Sells 15,000 Shares of Stock (ENV)
Envestnet (NYSE:ENV) President William Crager sold 15,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $29.25, for a total value of $438,750.00. Following the completion of the transaction, the president now directly owns 134,835 shares in the company, valued at approximately $3,943,924. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Envestnet (NYSE:ENV) traded down 2.26% on Tuesday, hitting $34.58. The stock had a trading volume of 266,968 shares. Envestnet has a 1-year low of $12.73 and a 1-year high of $36.25. The stock’s 50-day moving average is $30.21 and its 200-day moving average is $24.56. The company has a market cap of $1.155 billion and a price-to-earnings ratio of 610.00.
Envestnet (NYSE:ENV) last announced its earnings results on Thursday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $51.63 million for the quarter, compared to the consensus estimate of $51.21 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 36.0% on a year-over-year basis. Analysts expect that Envestnet will post $0.54 EPS for the current fiscal year.
ENV has been the subject of a number of recent research reports. Analysts at RBC Capital downgraded shares of Envestnet from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, September 24th. They now have a $34.00 price target on the stock, up previously from $29.00. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Envestnet has an average rating of “Hold” and an average price target of $24.00.
Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.
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