Insider Selling: Financial Engines EVP Sells 10,000 Shares of Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Garry Hallee sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $56.23, for a total value of $562,300.00. Following the transaction, the executive vice president now directly owns 87,924 shares of the company’s stock, valued at approximately $4,943,967. 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.
Shares of Financial Engines (NASDAQ:FNGN) traded up 0.95% during mid-day trading on Wednesday, hitting $56.57. The stock had a trading volume of 238,283 shares. Financial Engines has a 52 week low of $22.43 and a 52 week high of $59.44. The stock has a 50-day moving average of $53.38 and a 200-day moving average of $43.53. The company has a market cap of $2.810 billion and a P/E ratio of 121.83.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, August 1st. The company reported $0.16 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue 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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