Wealthfront (NASDAQ:WLTH) Insider Lauren Lin Sells 4,995 Shares

Wealthfront (NASDAQ:WLTH) insider Lauren Lin sold 4,995 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $10.19, for a total transaction of $50,899.05. Following the transaction, the insider directly owned 176,390 shares of the company’s stock, valued at approximately $1,797,414.10. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, September 15th, Lauren Lin sold 16,117 shares of Wealthfront stock. The stock was sold at an average price of $10.73, for a total transaction of $172,935.41.

Wealthfront Price Performance

Shares of NASDAQ:WLTH opened at $10.10 on Friday. The stock’s 50-day moving average is $9.48 and its 200 day moving average is $9.70. The company has a market cap of $1.58 billion and a PE ratio of -10.86. Wealthfront has a 1 year low of $7.20 and a 1 year high of $14.88.

Wealthfront (NASDAQ:WLTH) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $91.87 million for the quarter. Wealthfront had a negative return on equity of 14.62% and a negative net margin of 19.42%.The company’s quarterly revenue was up .9% on a year-over-year basis. Analysts expect that Wealthfront will post 0.41 EPS for the current fiscal year.

Institutional Trading of Wealthfront

Hedge funds have recently modified their holdings of the business. Whetstone Capital Advisors LLC boosted its holdings 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 valued at $5,401,000 after buying an additional 57,753 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Wealthfront during the 2nd quarter valued at about $90,000. Arizona State Retirement System bought a new stake in Wealthfront during the second quarter worth about $102,000. AXQ Capital LP bought a new stake in Wealthfront during the second quarter worth about $105,000. Finally, ICONIQ Capital LLC purchased a new stake in Wealthfront in the second quarter worth about $111,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wealthfront in a research report on Monday, July 6th. Wells Fargo & Company reduced their price target on shares of Wealthfront from $12.00 to $11.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price target on shares of Wealthfront from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, June 5th. Royal Bank Of Canada lowered their price objective on shares of Wealthfront from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday, September 10th. Finally, Keefe, Bruyette & Woods cut their price objective on Wealthfront from $11.00 to $10.50 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Wealthfront presently has an average rating of “Hold” and an average price target of $12.00.

Trending Headlines about Wealthfront

Here are the key news stories impacting Wealthfront this week:

• Positive Sentiment: Platform assets rose 12% year over year to $99 billion in the fiscal second quarter and surpassed $100 billion by the end of August. Funded clients increased 14% to 1.51 million, reinforcing Wealthfront’s long-term growth potential. Wealthfront Tops $100 Billion in Platform Assets
• Positive Sentiment: Wealthfront reported quarterly earnings of $0.10 per share, exceeding the $0.09 analyst consensus, with revenue of $91.87 million. Analysts currently expect approximately $0.41 in earnings per share for the full year.
• Neutral Sentiment: The company’s asset and client growth has not yet translated into comparable financial growth: revenue increased only about 1% year over year, while Wealthfront continued to post a negative net margin and negative return on equity. This raises questions about the pace of margin improvement.
• Neutral Sentiment: Analyst sentiment remains mixed. Goldman Sachs maintained a neutral rating with a $10 target, while RBC and JPMorgan reduced their price targets to $11 and $12, respectively, but retained outperform or overweight ratings. The broader consensus is “Hold,” with a $12 target price.
• Negative Sentiment: Executives and other insiders disclosed roughly $1.34 million in combined stock sales, including transactions by the CFO, CTO, two vice presidents, another insider and a director. The sales could weigh on sentiment, although most were explicitly made for tax withholding and one occurred under a pre-arranged Rule 10b5-1 plan. Wealthfront Insider Sales

Wealthfront Company Profile

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.