Envestnet, Inc (NYSE:ENV) insider Shelly O’brien sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $53.48, for a total transaction of $160,440.00. Following the completion of the transaction, the insider now directly owns 10,292 shares of the company’s stock, valued at $550,416.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shelly O’brien also recently made the following trade(s):

  • On Wednesday, September 27th, Shelly O’brien sold 2,000 shares of Envestnet stock. The stock was sold at an average price of $49.96, for a total transaction of $99,920.00.

Envestnet, Inc (NYSE ENV) traded up 2.30% during mid-day trading on Tuesday, reaching $53.40. 285,888 shares of the company’s stock traded hands. The stock has a 50 day moving average of $51.34 and a 200 day moving average of $41.87. The company’s market cap is $2.35 billion. Envestnet, Inc has a 12-month low of $30.80 and a 12-month high of $55.15.

Envestnet (NYSE:ENV) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The firm had revenue of $167.50 million during the quarter, compared to the consensus estimate of $164.04 million. Envestnet had a positive return on equity of 7.78% and a negative net margin of 8.93%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. On average, equities research analysts predict that Envestnet, Inc will post $1.29 earnings per share for the current fiscal year.

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Several research firms recently commented on ENV. JMP Securities raised their price objective on shares of Envestnet from $48.00 to $56.00 and gave the stock an “outperform” rating in a report on Tuesday, September 26th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Envestnet from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price objective (up from $45.00) on shares of Envestnet in a report on Thursday, August 10th. Raymond James Financial, Inc. raised their price objective on shares of Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Envestnet presently has a consensus rating of “Buy” and an average price target of $54.38.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Envestnet by 3.1% in the second quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock worth $105,446,000 after purchasing an additional 81,056 shares during the period. New York State Common Retirement Fund boosted its position in shares of Envestnet by 5.9% in the second quarter. New York State Common Retirement Fund now owns 46,654 shares of the business services provider’s stock worth $1,847,000 after purchasing an additional 2,599 shares during the period. Geneva Advisors LLC boosted its position in shares of Envestnet by 3.4% in the second quarter. Geneva Advisors LLC now owns 42,659 shares of the business services provider’s stock worth $1,689,000 after purchasing an additional 1,385 shares during the period. Jane Street Group LLC bought a new position in shares of Envestnet in the first quarter worth approximately $376,000. Finally, Parametric Portfolio Associates LLC boosted its position in shares of Envestnet by 116.6% in the first quarter. Parametric Portfolio Associates LLC now owns 77,580 shares of the business services provider’s stock worth $2,506,000 after purchasing an additional 41,761 shares during the period. Institutional investors and hedge funds own 95.69% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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