Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $35.52, for a total value of $710,400.00. Following the transaction, the chief executive officer now owns 669,106 shares of the company’s stock, valued at approximately $23,766,645.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Judson Bergman also recently made the following trade(s):

  • On Monday, October 10th, Judson Bergman sold 7,541 shares of Envestnet stock. The shares were sold at an average price of $36.95, for a total value of $278,639.95.
  • On Monday, October 3rd, Judson Bergman sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $36.28, for a total value of $725,600.00.
  • On Monday, September 26th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $38.33, for a total value of $766,600.00.

Envestnet Inc. (NYSE:ENV) traded up 0.84% during mid-day trading on Tuesday, hitting $35.89. 200,748 shares of the stock traded hands. The stock’s market cap is $1.54 billion. Envestnet Inc. has a 12 month low of $19.30 and a 12 month high of $41.47. The stock has a 50-day moving average price of $37.67 and a 200-day moving average price of $35.28.

Envestnet (NYSE:ENV) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Envestnet had a negative net margin of 3.95% and a positive return on equity of 4.20%. The firm earned $141.70 million during the quarter, compared to the consensus estimate of $139.12 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 38.0% on a year-over-year basis. On average, equities analysts forecast that Envestnet Inc. will post $0.99 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENV. BlackRock Inc. increased its position in Envestnet by 233.3% in the first quarter. BlackRock Inc. now owns 4,093 shares of the company’s stock valued at $111,000 after buying an additional 2,865 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Envestnet by 113.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,448 shares of the company’s stock valued at $126,000 after buying an additional 1,835 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Envestnet by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 5,343 shares of the company’s stock valued at $178,000 after buying an additional 638 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Envestnet during the second quarter valued at about $209,000. Finally, 1st Global Advisors Inc. acquired a new stake in shares of Envestnet during the second quarter valued at about $214,000.

Several research firms recently commented on ENV. Avondale Partners lowered Envestnet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 9th. Royal Bank Of Canada lifted their price target on Envestnet from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 9th. Zacks Investment Research lowered Envestnet from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Jefferies Group set a $48.00 price target on Envestnet and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, RBC Capital Markets reiterated a “sector perform” rating and issued a $40.00 price target (up previously from $37.00) on shares of Envestnet in a research report on Wednesday, August 10th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Envestnet presently has an average rating of “Buy” and an average price target of $36.19.

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.

5 Day Chart for NYSE:ENV

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