Envestnet Inc. (ENV) CEO Judson Bergman Sells 20,000 Shares
Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of the company’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $35.52, for a total transaction of $710,400.00. Following the sale, the chief executive officer now directly owns 669,106 shares of the company’s stock, valued at approximately $23,766,645.12. The sale was disclosed in a filing with the SEC, which is available at this link.
Judson Bergman also recently made the following trade(s):
- On Monday, October 10th, Judson Bergman sold 7,541 shares of Envestnet stock. The shares were sold at an average price of $36.95, for a total transaction of $278,639.95.
- On Monday, October 3rd, Judson Bergman sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $36.28, for a total transaction of $725,600.00.
- On Monday, September 26th, Judson Bergman sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $38.33, for a total transaction of $766,600.00.
Envestnet Inc. (NYSE:ENV) traded up 0.84% during trading on Tuesday, hitting $35.89. 200,748 shares of the company were exchanged. Envestnet Inc. has a 12 month low of $19.30 and a 12 month high of $41.47. The company has a 50-day moving average of $37.67 and a 200-day moving average of $35.28. The company’s market capitalization is $1.54 billion.
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Envestnet (NYSE:ENV) last announced its earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company earned $141.70 million during the quarter, compared to analysts’ expectations of $139.12 million. Envestnet had a negative net margin of 3.95% and a positive return on equity of 4.20%. The firm’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Analysts forecast that Envestnet Inc. will post $0.99 EPS for the current year.
Several brokerages recently issued reports on ENV. Zacks Investment Research raised shares of Envestnet from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group set a $48.00 price objective on shares of Envestnet and gave the company a “buy” rating in a research note on Tuesday, August 16th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $40.00 price objective (up previously from $37.00) on shares of Envestnet in a research note on Wednesday, August 10th. Avondale Partners cut shares of Envestnet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Finally, Royal Bank Of Canada increased their price target on shares of Envestnet from $37.00 to $40.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.19.
A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of Envestnet by 113.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,448 shares of the company’s stock worth $126,000 after buying an additional 1,835 shares during the last quarter. BlackRock Inc. boosted its position in shares of Envestnet by 233.3% in the first quarter. BlackRock Inc. now owns 4,093 shares of the company’s stock worth $111,000 after buying an additional 2,865 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Envestnet by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 5,343 shares of the company’s stock worth $178,000 after buying an additional 638 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Envestnet during the second quarter worth about $209,000. Finally, 1st Global Advisors Inc. acquired a new position in shares of Envestnet during the second quarter worth about $214,000.
Envestnet Company Profile
Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet/Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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