Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 220 shares of Envestnet stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $49.73, for a total value of $10,940.60. Following the transaction, the chief financial officer now directly owns 28,219 shares in the company, valued at approximately $1,403,330.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, December 8th, Peter D’arrigo sold 29,780 shares of Envestnet stock. The stock was sold at an average price of $50.09, for a total value of $1,491,680.20.
  • 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 value 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 value of $962,200.00.
  • 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.

Shares of Envestnet Inc (ENV) traded up $0.95 during mid-day trading on Wednesday, hitting $50.60. The company’s stock had a trading volume of 176,269 shares, compared to its average volume of 267,533. Envestnet Inc has a one year low of $30.80 and a one year high of $55.15. The stock has a market cap of $2,200.00, a P/E ratio of 64.17, a P/E/G ratio of 3.72 and a beta of 1.90. 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 announced its earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The company had revenue of $175.61 million for the quarter, compared to the consensus estimate of $171.57 million. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up 17.7% on a year-over-year basis. research analysts expect that Envestnet Inc will post 0.9 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Envestnet by 3.1% in the 2nd quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock valued at $105,446,000 after purchasing an additional 81,056 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Envestnet by 5.9% in the 2nd quarter. New York State Common Retirement Fund now owns 46,654 shares of the business services provider’s stock valued at $1,847,000 after purchasing an additional 2,599 shares during the last quarter. Geneva Advisors LLC boosted its stake 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 valued at $1,689,000 after buying an additional 1,385 shares in the last quarter. Marshall Wace North America L.P. boosted its stake in shares of Envestnet by 541.4% in the second quarter. Marshall Wace North America L.P. now owns 64,674 shares of the business services provider’s stock valued at $2,587,000 after buying an additional 54,590 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Envestnet by 123.9% in the second quarter. UBS Asset Management Americas Inc. now owns 24,406 shares of the business services provider’s stock valued at $966,000 after buying an additional 13,506 shares in the last quarter. Institutional investors own 94.99% of the company’s stock.

Several research firms have commented on ENV. William Blair reaffirmed an “ourperform” rating on shares of Envestnet in a research report on Tuesday, September 26th. Zacks Investment Research raised Envestnet from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, October 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $62.00 price target (up previously from $52.00) on shares of Envestnet in a research report on Thursday, November 9th. Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of Envestnet in a research report on Thursday, October 5th. Finally, JMP Securities lifted their price target on Envestnet from $48.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 26th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Envestnet currently has a consensus rating of “Buy” and a consensus price target of $55.13.

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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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