Envestnet, Inc (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $51.48, for a total value of $1,029,600.00. Following the sale, the chief executive officer now directly owns 738,569 shares of the company’s stock, valued at approximately $38,021,532.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Judson Bergman also recently made the following trade(s):

  • On Monday, November 6th, Judson Bergman sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $53.21, for a total value of $1,064,200.00.

Shares of Envestnet, Inc (NYSE:ENV) traded up $0.25 during trading on Tuesday, reaching $51.70. The company had a trading volume of 159,700 shares, compared to its average volume of 270,952. Envestnet, Inc has a 52 week low of $30.80 and a 52 week high of $55.15. The company has a market capitalization of $2,300.00, a price-to-earnings ratio of 65.96, a PEG ratio of 3.87 and a beta of 1.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.61 and a current ratio of 0.61.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. Envestnet had a positive return on equity of 8.93% and a negative net margin of 8.15%. The company had revenue of $175.61 million during the quarter, compared to analyst estimates of $171.57 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. sell-side analysts predict that Envestnet, Inc will post 0.89 earnings per share for the current year.

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Institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC raised its position in Envestnet by 559.6% during the second quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock valued at $159,101,000 after purchasing an additional 3,408,580 shares during the period. Victory Capital Management Inc. purchased a new stake in Envestnet during the third quarter valued at approximately $30,101,000. Atlanta Capital Management Co. L L C purchased a new stake in Envestnet during the third quarter valued at approximately $22,763,000. Royal Bank of Canada raised its position in Envestnet by 7,211.3% during the second quarter. Royal Bank of Canada now owns 433,561 shares of the business services provider’s stock valued at $17,169,000 after purchasing an additional 427,631 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC raised its position in Envestnet by 66.3% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 476,550 shares of the business services provider’s stock valued at $18,871,000 after purchasing an additional 189,905 shares during the period. 97.48% of the stock is owned by institutional investors.

ENV has been the subject of a number of recent analyst reports. BidaskClub lowered Envestnet from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Envestnet in a research note on Monday, September 11th. Jefferies Group LLC upped their price objective on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Envestnet in a research note on Tuesday, September 26th. Finally, Zacks Investment Research raised Envestnet from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Envestnet presently has a consensus rating of “Buy” and an average target price of $55.63.

Envestnet Company Profile

Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.

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

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