Insider Selling: Envestnet Inc (NYSE:ENV) CFO Sells 5,000 Shares of Stock

Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $72.67, for a total transaction of $363,350.00. Following the transaction, the chief financial officer now owns 56,840 shares of the company’s stock, valued at approximately $4,130,562.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, January 2nd, Peter D’arrigo sold 5,000 shares of Envestnet stock. The stock was sold at an average price of $70.00, for a total transaction of $350,000.00.
  • On Thursday, December 26th, Peter D’arrigo sold 8,000 shares of Envestnet stock. The stock was sold at an average price of $71.02, for a total transaction of $568,160.00.
  • On Wednesday, December 18th, Peter D’arrigo sold 10,000 shares of Envestnet stock. The stock was sold at an average price of $70.45, for a total transaction of $704,500.00.
  • On Wednesday, November 27th, Peter D’arrigo sold 10,000 shares of Envestnet stock. The stock was sold at an average price of $69.91, for a total transaction of $699,100.00.
  • On Wednesday, November 20th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $62.50, for a total transaction of $312,500.00.

Shares of NYSE ENV traded down $0.35 during mid-day trading on Friday, hitting $73.28. 306,300 shares of the stock were exchanged, compared to its average volume of 302,921. The company has a market cap of $3.83 billion, a P/E ratio of 58.62 and a beta of 1.74. The stock’s fifty day simple moving average is $70.59 and its two-hundred day simple moving average is $64.75. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.46 and a current ratio of 0.46. Envestnet Inc has a twelve month low of $49.39 and a twelve month high of $74.19.

Envestnet (NYSE:ENV) last posted its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The company had revenue of $236.08 million during the quarter, compared to analyst estimates of $233.02 million. Envestnet had a negative net margin of 2.35% and a positive return on equity of 8.44%. The company’s revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. As a group, equities research analysts predict that Envestnet Inc will post 1.33 earnings per share for the current fiscal year.

A number of research analysts have commented on ENV shares. Sandler O’Neill upgraded shares of Envestnet from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $80.00 in a research note on Wednesday, November 27th. DA Davidson raised their price target on shares of Envestnet from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $77.00.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP acquired a new stake in shares of Envestnet in the first quarter valued at approximately $50,000. Tower Research Capital LLC TRC acquired a new stake in shares of Envestnet in the third quarter valued at approximately $102,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Envestnet by 19.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,290 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 540 shares in the last quarter. MML Investors Services LLC acquired a new stake in shares of Envestnet in the second quarter valued at approximately $238,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Envestnet in the third quarter valued at approximately $215,000. 96.21% of the stock is owned by institutional investors.

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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