Financial Engines EVP Unloads $155,791 in Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Donnell Kelly O unloaded 2,726 shares of the company’s stock on the open market in a transaction dated Thursday, October 24th. The stock was sold at an average price of $57.15, for a total value of $155,790.90. Following the transaction, the executive vice president now directly owns 9,600 shares in the company, valued at approximately $548,640. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Financial Engines (NASDAQ:FNGN) traded up 1.09% on Friday, hitting $58.61. The stock had a trading volume of 211,806 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 $2.912 billion and a P/E ratio of 126.04.
Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, August 1st. The company reported $0.16 earnings per share for the quarter, meeting the analysts’ 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 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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