Financial Engines CEO Sells $649,200 in Stock (FNGN)
Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda unloaded 15,000 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $43.28, for a total value of $649,200.00. Following the transaction, the chief executive officer now directly owns 214,427 shares of the company’s stock, valued at approximately $9,280,401. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FNGN. Analysts at Raymond James initiated coverage on shares of Financial Engines in a research note on Tuesday. They set an “underperform” rating on the stock. Separately, analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.00.
Financial Engines (NASDAQ:FNGN) traded down 1.29% during mid-day trading on Wednesday, hitting $43.00. The stock had a trading volume of 551,933 shares. Financial Engines has a 52 week low of $37.14 and a 52 week high of $71.08. The stock’s 50-day moving average is $43.94 and its 200-day moving average is $53.53. The company has a market cap of $2.212 billion and a P/E ratio of 72.72.
Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $67.28 million. During the same quarter last year, the company posted $0.15 earnings per share. Financial Engines’s revenue was up 22.3% compared to the same quarter last year. Analysts expect that Financial Engines will post $0.91 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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