Financial Engines EVP Sells $289,450 in Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Christopher Jones sold 5,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $57.89, for a total transaction of $289,450.00. Following the completion of the transaction, the executive vice president now directly owns 61,562 shares of the company’s stock, valued at approximately $3,563,824. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Financial Engines from $53.00 to $60.00 in a research note to investors on Monday. 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 1.08% during mid-day trading on Tuesday, hitting $58.88. 65,703 shares of the company’s stock traded hands. 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 $2.925 billion and a P/E ratio of 126.63.
Financial Engines (NASDAQ:FNGN) last announced its earnings results 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 last year, the company posted $0.11 earnings per share. Financial Engines’s revenue was up 30.5% compared to the same quarter last year. Analysts expect that Financial Engines will post $0.71 EPS 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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