Envestnet Inc (NYSE:ENV) CEO Judson Bergman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $49.77, for a total value of $497,700.00. Following the completion of the sale, the chief executive officer now directly owns 742,569 shares in the company, valued at approximately $36,957,659.13. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, November 21st, Judson Bergman sold 10,000 shares of Envestnet stock. The stock was sold at an average price of $49.91, for a total value of $499,100.00.
  • On Monday, November 13th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $51.48, for a total value of $1,029,600.00.
  • On Monday, November 6th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $53.21, for a total value of $1,064,200.00.

Shares of Envestnet Inc (NYSE:ENV) traded down $0.60 during trading on Friday, reaching $48.55. The company’s stock had a trading volume of 528,298 shares, compared to its average volume of 219,307. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63. The company has a market cap of $2,150.00, a P/E ratio of 63.01, a P/E/G ratio of 3.65 and a beta of 1.97. Envestnet Inc has a 52-week low of $30.80 and a 52-week high of $55.15.

Envestnet (NYSE:ENV) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The firm had revenue of $175.61 million for 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 firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 EPS. equities research analysts predict that Envestnet Inc will post 0.9 earnings per share for the current year.

Several hedge funds have recently modified their holdings of ENV. Teachers Advisors LLC increased its position in shares of Envestnet by 4.0% during the 1st quarter. Teachers Advisors LLC now owns 70,453 shares of the business services provider’s stock valued at $2,276,000 after purchasing an additional 2,683 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Envestnet during the 1st quarter valued at $2,018,000. Schwab Charles Investment Management Inc. increased its position in shares of Envestnet by 8.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 178,665 shares of the business services provider’s stock valued at $5,771,000 after purchasing an additional 13,640 shares during the period. Bank of America Corp DE increased its position in shares of Envestnet by 10.0% during the 1st quarter. Bank of America Corp DE now owns 26,612 shares of the business services provider’s stock valued at $860,000 after purchasing an additional 2,411 shares during the period. Finally, State Street Corp increased its position in shares of Envestnet by 3.7% during the 1st quarter. State Street Corp now owns 741,609 shares of the business services provider’s stock valued at $23,953,000 after purchasing an additional 26,157 shares during the period. Institutional investors own 94.92% of the company’s stock.

Several analysts have weighed in on ENV shares. BidaskClub downgraded Envestnet from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. Jefferies Group lifted their target price on Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 target price on shares of Envestnet in a research note on Tuesday, September 26th. Finally, Zacks Investment Research raised Envestnet from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Envestnet presently has a consensus rating of “Buy” and an average target price of $55.13.

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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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