Envestnet, Inc (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $51.48, for a total value of $1,029,600.00. Following the completion of the sale, the chief executive officer now directly owns 738,569 shares in the company, valued at approximately $38,021,532.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, November 6th, Judson Bergman sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $53.21, for a total value of $1,064,200.00.

Shares of Envestnet, Inc (NYSE ENV) opened at $51.50 on Friday. Envestnet, Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The firm has a market capitalization of $2,299.47, a P/E ratio of 66.54, a PEG ratio of 3.85 and a beta of 1.97. The company has a current ratio of 0.90, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63.

Envestnet (NYSE:ENV) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The company had revenue of $175.61 million for the quarter, compared to analyst estimates of $171.57 million. During the same quarter last year, the firm earned $0.28 EPS. Envestnet’s revenue for the quarter was up 17.7% compared to the same quarter last year. research analysts expect that Envestnet, Inc will post 0.9 earnings per share for the current fiscal year.

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A number of research firms have issued reports on ENV. Zacks Investment Research lowered Envestnet from a “buy” rating to a “hold” rating in a report on Thursday. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $62.00 target price (up previously from $52.00) on shares of Envestnet in a report on Thursday, November 9th. JMP Securities raised their target price on Envestnet from $48.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, September 26th. They noted that the move was a valuation call. Finally, Raymond James Financial, Inc. lifted their price objective on Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Envestnet currently has a consensus rating of “Buy” and a consensus target price of $55.63.

Several institutional investors have recently bought and sold shares of ENV. D.A. Davidson & CO. lifted its position in shares of Envestnet by 13.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock worth $130,000 after buying an additional 379 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Envestnet by 5.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after buying an additional 204 shares during the period. Zions Bancorporation bought a new position in shares of Envestnet during the 3rd quarter worth approximately $181,000. Gradient Investments LLC bought a new position in shares of Envestnet during the 2nd quarter worth approximately $191,000. Finally, Personal Capital Advisors Corp bought a new position in shares of Envestnet during the 3rd quarter worth approximately $203,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

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.

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

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