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Envestnet (NYSE:ENV) General Counsel Shelly O’brien sold 10,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $41.04, for a total value of $410,400.00. Following the completion of the transaction, the general counsel now directly owns 1,566 shares in the company, valued at approximately $64,269. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of research firms have recently commented on ENV. Analysts at Sandler O’Neill cut their price target on shares of Envestnet from $45.00 to $38.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Analysts at Stifel Nicolaus cut their price target on shares of Envestnet from $49.00 to $45.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $43.20.

Envestnet (NYSE:ENV) traded up 1.23% during mid-day trading on Friday, hitting $42.96. 159,973 shares of the company’s stock traded hands. Envestnet has a one year low of $21.91 and a one year high of $48.54. The stock has a 50-day moving average of $38.39 and a 200-day moving average of $40.22. The company has a market cap of $1.463 billion and a price-to-earnings ratio of 265.25.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.02. The company had revenue of $78.50 million for the quarter, compared to the consensus estimate of $77.64 million. During the same quarter last year, the company posted $0.12 earnings per share. Envestnet’s revenue was up 67.7% compared to the same quarter last year. On average, analysts predict that Envestnet will post $0.74 earnings per share for the current fiscal year.

Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.

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