Julien Wetterwald Sells 8,130 Shares of Wealthfront (NASDAQ:WLTH) Stock

Wealthfront (NASDAQ:WLTH) CTO Julien Wetterwald sold 8,130 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $10.19, for a total value of $82,844.70. Following the sale, the chief technology officer owned 722,663 shares of the company’s stock, valued at approximately $7,363,935.97. This represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Julien Wetterwald also recently made the following trade(s):

• On Thursday, September 17th, Julien Wetterwald sold 26,138 shares of Wealthfront stock. The stock was sold at an average price of $10.10, for a total value of $263,993.80.
• On Tuesday, September 15th, Julien Wetterwald sold 26,231 shares of Wealthfront stock. The shares were sold at an average price of $10.73, for a total value of $281,458.63.

Wealthfront Stock Performance

Wealthfront stock opened at $10.10 on Friday. The stock has a 50-day moving average of $9.49 and a two-hundred day moving average of $9.71. Wealthfront has a one year low of $7.20 and a one year high of $14.88. The stock has a market cap of $1.58 billion and a PE ratio of -10.86.

Wealthfront (NASDAQ:WLTH) last issued its quarterly earnings results 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. Wealthfront had a negative return on equity of 14.62% and a negative net margin of 19.42%.The business had revenue of $91.87 million for the quarter. The business’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that Wealthfront will post 0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Wealthfront

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WLTH. Royal Bank of Canada purchased a new position in shares of Wealthfront during the 1st quarter valued at about $27,000. Strs Ohio purchased a new stake in shares of Wealthfront in the first quarter worth about $56,000. Squarepoint Ops LLC purchased a new stake in shares of Wealthfront in the second quarter worth about $90,000. Arizona State Retirement System acquired a new stake in Wealthfront during the second quarter worth about $102,000. Finally, AXQ Capital LP purchased a new position in Wealthfront during the second quarter valued at approximately $105,000.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WLTH. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.00 target price on shares of Wealthfront in a research report on Thursday, September 10th. JPMorgan Chase & Co. cut their price objective on Wealthfront from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, June 5th. Wall Street Zen raised Wealthfront from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Wells Fargo & Company dropped their target price on Wealthfront from $12.00 to $11.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Wealthfront from $11.00 to $10.50 and set a “market perform” rating for the company in a research report on Monday, July 13th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Wealthfront currently has an average rating of “Hold” and an average price target of $12.00.

Key Wealthfront News

Here are the key news stories impacting Wealthfront this week:

• Positive Sentiment: Wealthfront’s platform assets increased 12% year over year to $99 billion in the second quarter and exceeded $100 billion by the end of August. Funded clients rose 14% to 1.51 million, supporting the company’s long-term growth story. Wealthfront Tops $100 Billion in Platform Assets
• Positive Sentiment: Recent quarterly earnings modestly exceeded expectations, with adjusted earnings of $0.10 per share versus the $0.09 consensus and revenue of $91.87 million. Institutional interest also remains notable, with new or increased positions reported by firms including Index Ventures, BlackRock and North Reef Capital.
• Neutral Sentiment: Growth in assets and clients has not yet translated into strong financial expansion: revenue rose only about 1% year over year, while Wealthfront continues to report a negative net margin of 19.42% and negative return on equity of 14.62%. Investors are likely focused on whether scale can improve profitability.
• Neutral Sentiment: Analyst views remain cautious. Goldman Sachs maintained a neutral rating with a $10 target, while RBC lowered its target to $11 but retained an outperform rating. The broader consensus is “Hold,” with an average target near $12, suggesting limited near-term conviction.
• Negative Sentiment: Multiple insiders sold shares, including CFO Alan Imberman, CTO Julien Wetterwald, VP Kal Iyer and insider Lauren Lin. The latest reported transactions totaled roughly $1.35 million, including the CFO’s sale of 76,540 shares and the VP’s sale of 26,738 shares. These sales may pressure sentiment, although the transactions were conducted under pre-arranged Rule 10b5-1 plans. Wealthfront Insider Sales
• Negative Sentiment: Additional insider sales over the preceding days were primarily disclosed as transactions to cover tax withholding obligations tied to vested equity awards. While less bearish than discretionary selling, the repeated selling pattern remains a potential overhang for WLTH.

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.