Insider Selling: Financial Engines CEO Sells 15,000 Shares of Stock (FNGN)

Share on StockTwits

Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of the company’s stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $43.28, for a total transaction of $649,200.00. Following the completion of the sale, the chief executive officer now directly owns 214,427 shares of the company’s stock, valued at approximately $9,280,401. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Financial Engines (NASDAQ:FNGN) traded down 0.37% during mid-day trading on Friday, hitting $42.84. 275,690 shares of the company’s stock traded hands. Financial Engines has a 1-year low of $37.14 and a 1-year high of $71.08. The stock has a 50-day moving average of $44.05 and a 200-day moving average of $53.45. The company has a market cap of $2.204 billion and a P/E ratio of 71.79.

Financial Engines (NASDAQ:FNGN) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.22 by $0.02. The company had revenue of $65.90 million for the quarter, compared to the consensus estimate of $67.28 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Analysts expect that Financial Engines will post $0.91 EPS for the current fiscal year.

FNGN has been the subject of a number of recent research reports. Analysts at Raymond James initiated coverage on shares of Financial Engines in a research note on Tuesday. They set an “underperform” rating on the stock. Separately, analysts at TheStreet downgraded shares of Financial Engines from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, analysts at Sidoti upgraded shares of Financial Engines from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.

Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.

Latest News

Whole Foods Lowers Prices and Stock Follows
Whole Foods Lowers Prices and Stock Follows
Study: Probiotics Recipe Could Help Control Weight
Study: Probiotics Recipe Could Help Control Weight
Companies Paying For Posts on Social Networks
Companies Paying For Posts on Social Networks
Amazon Sees Wider Loss on Spending
Amazon Sees Wider Loss on Spending
Bristol-Myers Tops Forecast Thanks to New Drugs
Bristol-Myers Tops Forecast Thanks to New Drugs
Biogen Idec Sales and Profit Fly Past Projections
Biogen Idec Sales and Profit Fly Past Projections


Leave a Reply

 
© 2006-2014 WKRB News.