Envestnet Inc (NYSE:ENV) CFO Sells $314,050.00 in Stock
Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $62.81, for a total transaction of $314,050.00. Following the sale, the chief financial officer now directly owns 57,747 shares in the company, valued at approximately $3,627,089.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Peter D’arrigo also recently made the following trade(s):
- On Wednesday, October 30th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The stock was sold at an average price of $62.50, for a total transaction of $312,500.00.
ENV stock traded up $1.24 during trading on Friday, reaching $64.44. 769,235 shares of the company were exchanged, compared to its average volume of 327,360. The company has a market cap of $3.28 billion, a P/E ratio of 51.55, a PEG ratio of 2.80 and a beta of 1.76. Envestnet Inc has a 52-week low of $46.57 and a 52-week high of $73.94. The stock’s 50 day moving average price is $59.69 and its 200 day moving average price is $64.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.54 and a current ratio of 0.54.
Several hedge funds and other institutional investors have recently made changes to their positions in ENV. TRUE Private Wealth Advisors purchased a new stake in shares of Envestnet in the second quarter valued at about $27,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Envestnet in the second quarter valued at about $34,000. Hudock Capital Group LLC purchased a new stake in shares of Envestnet in the second quarter valued at about $46,000. Marshall Wace LLP purchased a new stake in shares of Envestnet in the first quarter valued at about $50,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Envestnet in the second quarter valued at about $83,000. 89.78% of the stock is currently owned by institutional investors.
A number of analysts recently commented on ENV shares. DA Davidson raised shares of Envestnet from a “neutral” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Tuesday, October 1st. Zacks Investment Research downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a report on Tuesday, August 13th. Raymond James boosted their price objective on shares of Envestnet from $82.00 to $83.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 11th. Finally, ValuEngine downgraded shares of Envestnet from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $73.78.
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 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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