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Envestnet (NYSE:ENV) CFO Peter D’arrigo sold 9,063 shares of Envestnet stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $46.89, for a total transaction of $424,964.07. Following the completion of the transaction, the chief financial officer now directly owns 2,064 shares of the company’s stock, valued at approximately $96,781. The sale was disclosed in a filing with the SEC, which is available at this link.

Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Envestnet from $45.00 to $57.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. Analysts at Raymond James initiated coverage on shares of Envestnet in a research note on Tuesday, June 24th. They set an “outperform” rating and a $54.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.00.

Envestnet (NYSE:ENV) traded down 1.28% during mid-day trading on Friday, hitting $45.65. The stock had a trading volume of 158,576 shares. Envestnet has a one year low of $25.68 and a one year high of $50.38. The stock has a 50-day moving average of $45.99 and a 200-day moving average of $42.28. The company has a market cap of $1.559 billion and a price-to-earnings ratio of 201.04.

Envestnet (NYSE:ENV) last released its earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $84.80 million for the quarter, compared to the consensus estimate of $81.76 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. Envestnet’s revenue was up 64.0% 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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