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.

Envestnet (NYSE:ENV) last released its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Envestnet had a negative net margin of 1.72% and a positive return on equity of 9.15%. The firm had revenue of $236.08 million for the quarter, compared to the consensus estimate of $233.02 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm’s revenue was up 16.2% on a year-over-year basis. As a group, equities research analysts forecast that Envestnet Inc will post 1.28 EPS for the current year.

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.

About Envestnet

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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