Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 20,000 shares of Envestnet stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.11, for a total value of $962,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Peter D’arrigo also recently made the following trade(s):

  • On Monday, November 27th, Peter D’arrigo sold 3,105 shares of Envestnet stock. The stock was sold at an average price of $50.01, for a total value of $155,281.05.
  • On Friday, November 24th, Peter D’arrigo sold 20,005 shares of Envestnet stock. The stock was sold at an average price of $49.68, for a total value of $993,848.40.
  • On Friday, November 17th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The stock was sold at an average price of $50.15, for a total value of $1,504,500.00.
  • On Friday, November 10th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The stock was sold at an average price of $51.49, for a total value of $1,544,700.00.

Envestnet Inc (NYSE ENV) traded up $0.65 during trading hours on Tuesday, reaching $49.15. The company had a trading volume of 350,681 shares, compared to its average volume of 269,806. The firm has a market capitalization of $2,151.05, a P/E ratio of 62.24, a price-to-earnings-growth ratio of 3.60 and a beta of 1.91. Envestnet Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63.

Envestnet (NYSE:ENV) last posted its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. The business had revenue of $175.61 million during the quarter, compared to the consensus estimate of $171.57 million. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share. analysts expect that Envestnet Inc will post 0.9 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its stake in Envestnet by 559.6% in the second quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after acquiring an additional 3,408,580 shares during the period. Vanguard Group Inc. boosted its stake in Envestnet by 5.8% in the second 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 during the period. BlackRock Inc. boosted its stake in Envestnet by 3.1% in the second quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock valued at $105,446,000 after acquiring an additional 81,056 shares during the period. Wasatch Advisors Inc. boosted its stake in Envestnet by 3.0% in the second quarter. Wasatch Advisors Inc. now owns 1,985,952 shares of the business services provider’s stock valued at $78,644,000 after acquiring an additional 57,555 shares during the period. Finally, Stephens Investment Management Group LLC boosted its stake in Envestnet by 6.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,434,756 shares of the business services provider’s stock valued at $73,173,000 after acquiring an additional 85,642 shares during the period. Institutional investors and hedge funds own 94.99% of the company’s stock.

A number of analysts have recently issued reports on the company. Jefferies Group lifted their target price on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Envestnet in a research report on Monday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 target price on shares of Envestnet in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Envestnet from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, William Blair reiterated an “ourperform” rating on shares of Envestnet in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $55.13.

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About Envestnet

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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