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.

Envestnet (NYSE:ENV) last announced its earnings results on Tuesday, August 7th. The business services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Envestnet had a return on equity of 10.75% and a net margin of 2.50%. The company had revenue of $201.12 million for the quarter, compared to analysts’ expectations of $199.52 million. analysts predict that Envestnet Inc will post 1.25 EPS for the current year.

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.

About Envestnet

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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Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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