Financial Engines President Sells $1,096,389 in Stock (FNGN)
Financial Engines (NASDAQ:FNGN) President Lawrence Raffone unloaded 16,202 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $67.67, for a total value of $1,096,389.34. Following the completion of the sale, the president now directly owns 3,710 shares of the company’s stock, valued at approximately $251,056. The sale was disclosed in a filing with the SEC, which is available at this link.
Financial Engines (NASDAQ:FNGN) traded up 1.53% on Tuesday, hitting $68.38. The stock had a trading volume of 266,972 shares. Financial Engines has a 52 week low of $27.85 and a 52 week high of $71.08. The stock’s 50-day moving average is $67.20 and its 200-day moving average is $57.07. The company has a market cap of $3.447 billion and a P/E ratio of 127.08.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.02. The company had revenue of $62.10 million for the quarter, compared to the consensus estimate of $60.40 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts expect that Financial Engines will post $0.76 EPS for the current fiscal year.
A number of analysts have recently weighed in on FNGN shares. Analysts at Needham & Company raised their price target on shares of Financial Engines from $55.00 to $60.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating 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, October 28th.
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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