Insider Selling: Jeffrey Nacey Maggioncalda Sells 15,000 Shares of Financial Engines Stock (FNGN)
Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda unloaded 15,000 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $60.08, for a total value of $901,200.00. The transaction was disclosed in a document filed 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 $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 (NASDAQ:FNGN) traded down 2.67% on Wednesday, hitting $59.32. The stock had a trading volume of 297,857 shares. Financial Engines has a 1-year low of $29.82 and a 1-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 released its 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. On average, analysts predict that Financial Engines will post $0.76 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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