Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 29,780 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $50.09, for a total transaction of $1,491,680.20. Following the sale, the chief financial officer now directly owns 57,779 shares in the company, valued at $2,894,150.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, December 6th, Peter D’arrigo sold 10,000 shares of Envestnet stock. The stock was sold at an average price of $50.00, for a total transaction of $500,000.00.
  • On Friday, December 1st, Peter D’arrigo sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $48.11, for a total transaction of $962,200.00.
  • On Monday, November 27th, Peter D’arrigo sold 3,105 shares of Envestnet stock. The shares were sold at an average price of $50.01, for a total transaction of $155,281.05.
  • On Friday, November 24th, Peter D’arrigo sold 20,005 shares of Envestnet stock. The shares were sold at an average price of $49.68, for a total transaction of $993,848.40.
  • On Friday, November 17th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $50.15, for a total transaction of $1,504,500.00.
  • On Friday, November 10th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $51.49, for a total transaction of $1,544,700.00.

Shares of Envestnet Inc (ENV) traded down $0.05 during mid-day trading on Tuesday, reaching $50.05. 192,900 shares of the company’s stock were exchanged, compared to its average volume of 268,491. Envestnet Inc has a 1 year low of $30.80 and a 1 year high of $55.15. The company has a market capitalization of $2,219.72, a PE ratio of 64.23, a PEG ratio of 3.72 and a beta of 1.91. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. raised its holdings in Envestnet by 13.0% in the second quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock worth $130,000 after purchasing an additional 379 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Envestnet by 5.7% in the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after purchasing an additional 204 shares during the period. Zions Bancorporation acquired a new stake in Envestnet in the third quarter worth $181,000. Personal Capital Advisors Corp acquired a new stake in Envestnet in the third quarter worth $203,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Envestnet by 525.9% in the second quarter. BNP Paribas Arbitrage SA now owns 5,151 shares of the business services provider’s stock worth $204,000 after purchasing an additional 4,328 shares during the period. Institutional investors own 94.99% of the company’s stock.

Several research firms have recently commented on ENV. Jefferies Group increased their price target on shares of Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Royal Bank of Canada reissued a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. Stifel Nicolaus reissued a “buy” rating and set a $52.00 price target on shares of Envestnet in a research note on Tuesday, September 26th. Zacks Investment Research raised shares of Envestnet from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, William Blair reissued an “ourperform” rating on shares of Envestnet in a research note on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price 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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