Anil Arora Sells 362 Shares of Envestnet Inc (ENV) Stock
Envestnet Inc (NYSE:ENV) insider Anil Arora sold 362 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $62.40, for a total value of $22,588.80. Following the transaction, the insider now directly owns 85,465 shares in the company, valued at $5,333,016. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Anil Arora also recently made the following trade(s):
- On Wednesday, August 8th, Anil Arora sold 205 shares of Envestnet stock. The shares were sold at an average price of $62.40, for a total value of $12,792.00.
- On Thursday, July 26th, Anil Arora sold 531 shares of Envestnet stock. The shares were sold at an average price of $62.40, for a total value of $33,134.40.
- On Monday, July 23rd, Anil Arora sold 9,900 shares of Envestnet stock. The shares were sold at an average price of $59.80, for a total value of $592,020.00.
- On Tuesday, July 10th, Anil Arora sold 100 shares of Envestnet stock. The shares were sold at an average price of $59.80, for a total value of $5,980.00.
Envestnet stock traded down $0.55 during trading on Friday, reaching $63.10. The company had a trading volume of 2,379 shares, compared to its average volume of 270,987. Envestnet Inc has a 52 week low of $38.00 and a 52 week high of $64.00. The stock has a market cap of $2.84 billion, a P/E ratio of 71.76, a P/E/G ratio of 3.53 and a beta of 1.81. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.41 and a current ratio of 1.41.
Institutional investors have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware bought a new position in Envestnet in the 1st quarter worth $119,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Envestnet in the 2nd quarter worth $203,000. Psagot Investment House Ltd. purchased a new stake in Envestnet in the 1st quarter worth $206,000. First Republic Investment Management Inc. purchased a new stake in Envestnet in the 1st quarter worth $206,000. Finally, Zions Bancorporation purchased a new stake in Envestnet in the 2nd quarter worth $207,000. 96.90% of the stock is currently owned by institutional investors.
ENV has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Envestnet in a report on Thursday, July 12th. They set an “overweight” rating and a $70.00 price target on the stock. UBS Group increased their price target on Envestnet from $62.00 to $68.00 and gave the company a “buy” rating in a report on Friday, August 10th. TheStreet raised Envestnet from a “c+” rating to a “b-” rating in a report on Monday, July 16th. DA Davidson raised their target price on Envestnet to $56.00 and gave the stock an “average” rating in a report on Thursday, July 5th. Finally, Zacks Investment Research raised Envestnet from a “sell” rating to a “hold” rating in a report on Monday, June 11th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $60.11.
Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee business segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
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