Financial Engines EVP Unloads $300,400 in Stock (FNGN)
Financial Engines (NASDAQ:FNGN) EVP Christopher L. Jones sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $60.08, for a total transaction of $300,400.00. Following the transaction, the executive vice president now directly owns 88,646 shares of the company’s stock, valued at approximately $5,325,852. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Financial Engines (NASDAQ:FNGN) traded down 2.67% on Wednesday, hitting $59.32. 297,857 shares of the company’s stock traded hands. Financial Engines has a one year low of $29.82 and a one year high of $71.08. The stock has a 50-day moving average of $66.79 and a 200-day moving average of $59.12. The company has a market cap of $2.990 billion and a price-to-earnings ratio of 115.00.
Financial Engines (NASDAQ:FNGN) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.13 earnings per share. Financial Engines’s revenue was up 28.3% compared to the same quarter last year. Analysts expect that Financial Engines will post $0.76 EPS for the current fiscal year.
Separately, 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.
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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