Envestnet Inc (NYSE:ENV) COO Joshua Mayer sold 2,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $49.75, for a total value of $99,500.00. Following the transaction, the chief operating officer now directly owns 50,407 shares of the company’s stock, valued at $2,507,748.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Envestnet Inc (NYSE:ENV) traded up $0.95 during mid-day trading on Wednesday, hitting $50.60. The stock had a trading volume of 176,269 shares, compared to its average volume of 267,534. Envestnet Inc has a 1 year low of $30.80 and a 1 year high of $55.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $2,200.00, a price-to-earnings ratio of 64.17, a PEG ratio of 3.72 and a beta of 1.90.

Envestnet (NYSE:ENV) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company 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 firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the business posted $0.28 EPS. equities analysts forecast that Envestnet Inc will post 0.9 earnings per share for the current year.

Several research firms have recently weighed in on ENV. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 price objective (up from $52.00) on shares of Envestnet in a research report on Thursday, November 9th. Zacks Investment Research lowered Envestnet from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. UBS lowered their price objective on Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Jefferies Group lifted their price objective on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $48.00 price objective on shares of Envestnet in a research report on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.13.

Several institutional investors and hedge funds have recently modified their holdings of ENV. Janus Henderson Group PLC grew its stake in shares of Envestnet by 559.6% in the 2nd quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after buying an additional 3,408,580 shares during the period. Victory Capital Management Inc. acquired a new position in Envestnet during the 3rd quarter valued at about $30,101,000. Atlanta Capital Management Co. L L C acquired a new position in Envestnet during the 3rd quarter valued at about $22,763,000. Royal Bank of Canada boosted its stake in Envestnet by 7,211.3% during the 2nd quarter. Royal Bank of Canada now owns 433,561 shares of the business services provider’s stock valued at $17,169,000 after purchasing an additional 427,631 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its stake in Envestnet by 66.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 476,550 shares of the business services provider’s stock valued at $18,871,000 after purchasing an additional 189,905 shares during the last quarter. Institutional investors own 94.99% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Joshua Mayer Sells 2,000 Shares of Envestnet Inc (ENV) Stock” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/13/joshua-mayer-sells-2000-shares-of-envestnet-inc-env-stock.html.

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)

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