Insider Selling: Envestnet, Inc (ENV) Insider Sells 3,000 Shares of Stock
Envestnet, Inc (NYSE:ENV) insider Shelly O’brien sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $53.28, for a total transaction of $159,840.00. Following the completion of the sale, the insider now owns 7,292 shares of the company’s stock, valued at approximately $388,517.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shelly O’brien also recently made the following trade(s):
- On Friday, October 27th, Shelly O’brien sold 3,000 shares of Envestnet stock. The stock was sold at an average price of $53.48, for a total transaction of $160,440.00.
- 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.
Shares of Envestnet, Inc (NYSE:ENV) traded down $0.10 on Friday, hitting $52.85. 129,187 shares of the stock were exchanged, compared to its average volume of 225,685. The firm has a market cap of $2.36 billion, a PE ratio of 75.63 and a beta of 1.97.
Envestnet (NYSE:ENV) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01). The company had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $164.04 million. Envestnet had a negative net margin of 8.93% and a positive return on equity of 7.78%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. research analysts anticipate that Envestnet, Inc will post 0.89 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in ENV. Janus Henderson Group PLC increased its holdings in shares of Envestnet by 559.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after purchasing an additional 3,408,580 shares in the last quarter. Victory Capital Management Inc. purchased a new position in Envestnet during the 3rd quarter valued at about $30,101,000. Royal Bank of Canada increased its holdings in Envestnet by 7,211.3% during the 2nd quarter. Royal Bank of Canada now owns 433,561 shares of the business services provider’s stock valued at $17,169,000 after acquiring an additional 427,631 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its holdings in Envestnet by 66.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 476,550 shares of the business services provider’s stock valued at $18,871,000 after acquiring an additional 189,905 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Envestnet by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,454,623 shares of the business services provider’s stock valued at $136,803,000 after acquiring an additional 188,892 shares in the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.
Several analysts have recently commented on ENV shares. Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. UBS AG restated a “buy” rating and issued a $63.00 target price (up previously from $50.00) on shares of Envestnet in a research note on Monday, October 9th. Jefferies Group LLC raised their target price on shares of Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada restated a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $52.00 target price on shares of Envestnet in a research note on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Envestnet presently has an average rating of “Buy” and an average price target of $54.38.
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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