Insider Selling: Wealthfront (NASDAQ:WLTH) Insider Sells 4,574 Shares

Wealthfront (NASDAQ:WLTH) insider Lauren Lin sold 4,574 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $10.10, for a total value of $46,197.40. Following the transaction, the insider owned 171,816 shares in the company, valued at $1,735,341.60. This represents a 2.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Lauren Lin also recently made the following trade(s):

• On Wednesday, September 16th, Lauren Lin sold 4,995 shares of Wealthfront stock. The shares were sold at an average price of $10.19, for a total value of $50,899.05.
• On Tuesday, September 15th, Lauren Lin sold 16,117 shares of Wealthfront stock. The shares were sold at an average price of $10.73, for a total value of $172,935.41.

Wealthfront Price Performance

Shares of WLTH remained flat at $10.10 during mid-day trading on Friday. 16,620,451 shares of the stock were exchanged, compared to its average volume of 1,690,857. The stock has a market cap of $1.58 billion and a PE ratio of -10.86. The stock’s 50-day simple moving average is $9.48 and its two-hundred day simple moving average is $9.70. Wealthfront has a twelve month low of $7.20 and a twelve month high of $14.88.

Wealthfront (NASDAQ:WLTH) last released its quarterly earnings results on Wednesday, September 9th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $91.87 million during the quarter. Wealthfront had a negative net margin of 19.42% and a negative return on equity of 14.62%. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts forecast that Wealthfront will post 0.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of Wealthfront from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, September 10th. Weiss Ratings restated a “sell (d)” rating on shares of Wealthfront in a research report on Monday, July 6th. Wall Street Zen raised Wealthfront from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.00 target price on shares of Wealthfront in a research note on Thursday, September 10th. Finally, Keefe, Bruyette & Woods dropped their target price on Wealthfront from $11.00 to $10.50 and set a “market perform” rating on the stock in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Wealthfront has an average rating of “Hold” and a consensus target price of $12.00.

More Wealthfront News

Here are the key news stories impacting Wealthfront this week:

• Positive Sentiment: Platform assets increased 12% year over year to $99 billion in the fiscal second quarter and exceeded $100 billion by the end of August. Funded clients rose 14% to 1.51 million, supporting the long-term growth outlook. Wealthfront platform assets article
• Positive Sentiment: Wealthfront reported quarterly EPS of $0.10, beating the $0.09 consensus estimate, while revenue reached $91.87 million. Analysts expect approximately $0.41 in full-year EPS.
• Positive Sentiment: Institutional interest provides an additional supportive signal. Index Venture Associates and BlackRock established sizable positions, while North Reef Capital increased its stake by 135.2%.
• Neutral Sentiment: Growth in assets and clients has not yet translated into comparable financial expansion: quarterly revenue increased only about 1% year over year. Wealthfront also reported a negative net margin of 19.42% and negative return on equity of 14.62%, keeping profitability a key investor concern.
• Neutral Sentiment: Analyst opinion remains mixed. Goldman Sachs maintained a neutral rating with a $10 price target, while RBC, Wells Fargo and other firms lowered targets but generally retained positive ratings. The overall consensus is “Hold,” with an average target near $12.
• Negative Sentiment: Insiders disclosed approximately $1.34 million of combined stock sales, including transactions by the CFO, CTO, vice presidents, Lauren Lin and a director. The selling may weigh on sentiment, although the reported transactions were primarily made to cover tax withholding on vested equity awards, and one director’s sale occurred under a pre-arranged Rule 10b5-1 plan. Wealthfront insider sales article

Institutional Investors Weigh In On Wealthfront

Institutional investors have recently added to or reduced their stakes in the business. Whetstone Capital Advisors LLC raised its stake in shares of Wealthfront by 10.6% during the 2nd quarter. Whetstone Capital Advisors LLC now owns 604,160 shares of the company’s stock worth $5,401,000 after buying an additional 57,753 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Wealthfront in the second quarter valued at approximately $90,000. Arizona State Retirement System acquired a new position in Wealthfront during the second quarter worth $102,000. AXQ Capital LP acquired a new position in Wealthfront during the second quarter worth $105,000. Finally, ICONIQ Capital LLC purchased a new position in Wealthfront in the second quarter worth $111,000.

About Wealthfront

Wealthfront, Inc is a U.S.-based digital wealth management company that provides automated investing, financial planning and cash management services through an online platform and mobile applications. The company is designed to help individuals manage their finances with technology-driven tools and diversified investment portfolios.

Its offerings have included automated investment accounts, tax-efficient portfolio management, financial planning tools, high-yield cash management products and lending services.