Envestnet, Inc (NYSE:ENV) CFO Peter D’arrigo sold 30,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $50.15, for a total value of $1,504,500.00. Following the sale, the chief financial officer now owns 58,165 shares in the company, valued at approximately $2,916,974.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, November 10th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The stock was sold at an average price of $51.49, for a total value of $1,544,700.00.

Envestnet, Inc (NYSE:ENV) traded up $0.05 during mid-day trading on Wednesday, reaching $49.70. The company had a trading volume of 194,100 shares, compared to its average volume of 270,225. The firm has a market cap of $2,199.78, a P/E ratio of 63.65, a P/E/G ratio of 3.69 and a beta of 1.97. Envestnet, Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

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

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ENV has been the topic of a number of analyst reports. Zacks Investment Research upgraded Envestnet from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. UBS AG reiterated a “buy” rating and issued a $63.00 price target (up previously from $50.00) on shares of Envestnet in a research report on Monday, October 9th. Jefferies Group LLC upped their price target on Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “hold” rating on shares of Envestnet in a research report on Monday, September 11th. Finally, Stifel Nicolaus restated a “buy” rating and set a $52.00 target price on shares of Envestnet in a research report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Envestnet presently has an average rating of “Buy” and a consensus price target of $55.13.

Several institutional investors have recently modified their holdings of ENV. D.A. Davidson & CO. raised its stake in shares of Envestnet by 13.0% in the second quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock worth $130,000 after purchasing an additional 379 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Envestnet by 5.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 204 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Envestnet during the third quarter valued at approximately $181,000. Personal Capital Advisors Corp purchased a new stake in shares of Envestnet during the third quarter valued at approximately $203,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Envestnet by 525.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,151 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 4,328 shares during the last quarter. 93.28% of the stock is owned by hedge funds and other institutional investors.

About Envestnet

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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