Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 12,969 shares of Envestnet stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $34.74, for a total value of $450,543.06. Following the sale, the chief executive officer now directly owns 657,206 shares in the company, valued at $22,831,336.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, October 24th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $37.31, for a total value of $746,200.00.
  • On Monday, October 17th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $35.52, for a total value of $710,400.00.
  • 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 shares were sold at an average price of $38.33, for a total value of $766,600.00.

Shares of Envestnet Inc. (NYSE:ENV) traded up 2.519% during mid-day trading on Thursday, reaching $33.575. 32,489 shares of the company’s stock traded hands. The firm’s market cap is $1.44 billion. The company’s 50 day moving average is $36.06 and its 200-day moving average is $35.88. Envestnet Inc. has a 52 week low of $19.30 and a 52 week high of $41.47.

Envestnet (NYSE:ENV) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $149.20 million for the quarter, compared to analysts’ expectations of $147.01 million. Envestnet had a negative net margin of 4.97% and a positive return on equity of 3.91%. The company’s quarterly revenue was up 44.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Equities analysts expect that Envestnet Inc. will post $0.99 earnings per share for the current fiscal year.

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

A number of hedge funds have recently modified their holdings of ENV. Mariner Wealth Advisors LLC boosted its stake in Envestnet by 1.2% in the first quarter. Mariner Wealth Advisors LLC now owns 10,052 shares of the company’s stock valued at $273,000 after buying an additional 119 shares during the period. BlackRock Inc. boosted its stake in Envestnet by 4.1% in the third quarter. BlackRock Inc. now owns 3,827 shares of the company’s stock valued at $140,000 after buying an additional 152 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Envestnet by 0.6% in the second quarter. State Board of Administration of Florida Retirement System now owns 25,814 shares of the company’s stock valued at $860,000 after buying an additional 153 shares during the period. 1st Global Advisors Inc. boosted its stake in Envestnet by 7.9% in the third quarter. 1st Global Advisors Inc. now owns 6,940 shares of the company’s stock valued at $253,000 after buying an additional 509 shares during the period. Finally, Teacher Retirement System of Texas boosted its stake in 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 during the period.

ENV has been the subject of a number of research reports. Zacks Investment Research downgraded Envestnet from a “hold” rating to a “sell” rating in a research note on Friday, August 19th. Royal Bank Of Canada boosted their price objective on Envestnet from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 9th. Stifel Nicolaus boosted their price objective on Envestnet from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday. Jefferies Group set a $48.00 price objective on Envestnet and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Avondale Partners downgraded Envestnet from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 9th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $36.81.

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

Receive News & Stock Ratings for Envestnet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet Inc. and related stocks with our FREE daily email newsletter.