Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo Sells 10,000 Shares of Stock

Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $69.91, for a total transaction of $699,100.00. Following the completion of the transaction, the chief financial officer now owns 62,747 shares in the company, valued at approximately $4,386,642.77. 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 Wednesday, November 20th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The shares were sold at an average price of $64.84, for a total transaction of $324,200.00.
  • On Wednesday, November 13th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The shares were sold at an average price of $64.25, for a total transaction of $321,250.00.
  • On Wednesday, November 6th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The shares were sold at an average price of $62.81, for a total transaction of $314,050.00.
  • On Wednesday, October 30th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The shares were sold at an average price of $62.50, for a total transaction of $312,500.00.

NYSE:ENV opened at $69.91 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a 50-day moving average of $63.92 and a 200-day moving average of $64.20. The company has a market cap of $3.74 billion, a PE ratio of 55.93, a PEG ratio of 3.04 and a beta of 1.76. Envestnet Inc has a one year low of $46.57 and a one year high of $73.94.

Envestnet (NYSE:ENV) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. The company had revenue of $236.08 million during the quarter, compared to the consensus estimate of $233.02 million. Envestnet had a negative net margin of 2.35% and a positive return on equity of 8.44%. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. On average, equities research analysts expect that Envestnet Inc will post 1.34 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Envestnet by 9.4% during the second quarter. Vanguard Group Inc. now owns 4,491,058 shares of the business services provider’s stock worth $307,053,000 after acquiring an additional 384,026 shares in the last quarter. TimesSquare Capital Management LLC grew its position in Envestnet by 148.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,541,300 shares of the business services provider’s stock worth $87,392,000 after purchasing an additional 920,535 shares in the last quarter. DF Dent & Co. Inc. grew its position in Envestnet by 0.4% in the 2nd quarter. DF Dent & Co. Inc. now owns 1,187,275 shares of the business services provider’s stock worth $81,174,000 after purchasing an additional 4,579 shares in the last quarter. Stephens Investment Management Group LLC grew its position in Envestnet by 2.6% in the 3rd quarter. Stephens Investment Management Group LLC now owns 938,910 shares of the business services provider’s stock worth $53,236,000 after purchasing an additional 23,533 shares in the last quarter. Finally, Northern Trust Corp grew its position in Envestnet by 1.4% in the 2nd quarter. Northern Trust Corp now owns 684,203 shares of the business services provider’s stock worth $46,779,000 after purchasing an additional 9,688 shares in the last quarter. 96.37% of the stock is owned by institutional investors.

Several research firms recently issued reports on ENV. ValuEngine lowered shares of Envestnet from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. DA Davidson upgraded shares of Envestnet from a “neutral” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Tuesday, October 1st. Sandler O’Neill upgraded shares of Envestnet from a “hold” rating to a “buy” rating and boosted their target price for the company from $66.00 to $80.00 in a report on Wednesday, November 27th. Finally, Zacks Investment Research lowered shares of Envestnet from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Envestnet presently has an average rating of “Buy” and an average target price of $74.40.

About Envestnet

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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