Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 3,105 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $50.01, for a total transaction of $155,281.05. Following the transaction, the chief financial officer now owns 31,270 shares of the company’s stock, valued at approximately $1,563,812.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, November 24th, Peter D’arrigo sold 20,005 shares of Envestnet stock. The stock was sold at an average price of $49.68, for a total transaction of $993,848.40.
  • On Friday, November 17th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The stock was sold at an average price of $50.15, for a total transaction of $1,504,500.00.
  • 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 transaction of $1,544,700.00.

Shares of Envestnet Inc (NYSE:ENV) traded down $0.60 during midday trading on Friday, reaching $48.55. 528,298 shares of the company traded hands, compared to its average volume of 219,307. Envestnet Inc has a one year low of $30.80 and a one year high of $55.15. The stock has a market cap of $2,150.00, a PE ratio of 63.01, a PEG ratio of 3.65 and a beta of 1.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.90.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ENV. D.A. Davidson & CO. grew its stake in Envestnet by 13.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 379 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Envestnet by 5.7% during the 2nd 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 in the last quarter. Zions Bancorporation purchased a new stake in Envestnet during the 3rd quarter valued at about $181,000. Personal Capital Advisors Corp purchased a new stake in Envestnet during the 3rd quarter valued at about $203,000. Finally, BNP Paribas Arbitrage SA grew its stake in Envestnet by 525.9% during the 2nd 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 in the last quarter. 94.92% of the stock is owned by institutional investors.

ENV has been the subject of several research analyst reports. Stifel Nicolaus restated a “buy” rating and set a $52.00 price target (up previously from $45.00) on shares of Envestnet in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. UBS reduced their price target on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Raymond James Financial upped their price target on shares of Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Envestnet in a research report on Tuesday, November 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average 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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