Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 29,780 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $50.09, for a total transaction of $1,491,680.20. Following the transaction, the chief financial officer now owns 57,779 shares of the company’s stock, valued at approximately $2,894,150.11. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Peter D’arrigo also recently made the following trade(s):

  • On Monday, December 11th, Peter D’arrigo sold 220 shares of Envestnet stock. The shares were sold at an average price of $49.73, for a total transaction of $10,940.60.
  • On Wednesday, December 6th, Peter D’arrigo sold 10,000 shares of Envestnet stock. The shares were sold at an average price of $50.00, for a total transaction of $500,000.00.
  • On Friday, December 1st, Peter D’arrigo sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $48.11, for a total transaction of $962,200.00.
  • On Monday, November 27th, Peter D’arrigo sold 3,105 shares of Envestnet stock. The shares were sold at an average price of $50.01, for a total transaction of $155,281.05.
  • On Friday, November 24th, Peter D’arrigo sold 20,005 shares of Envestnet stock. The shares were sold at an average price of $49.68, for a total transaction of $993,848.40.
  • On Friday, November 17th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $50.15, for a total transaction of $1,504,500.00.
  • On Friday, November 10th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $51.49, for a total transaction of $1,544,700.00.

Envestnet Inc (NYSE ENV) opened at $50.05 on Friday. Envestnet Inc has a fifty-two week low of $30.80 and a fifty-two week high of $55.15. The company has a market cap of $2,241.87, a PE ratio of 64.87, a price-to-earnings-growth ratio of 3.76 and a beta of 1.91. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.63.

Envestnet (NYSE:ENV) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The company had revenue of $175.61 million during the quarter, compared to analysts’ expectations of $171.57 million. During the same period last year, the company posted $0.28 earnings per share. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. sell-side analysts predict that Envestnet Inc will post 0.9 EPS for the current year.

Several equities analysts have recently weighed in on the stock. UBS reduced their price objective on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Envestnet from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Stifel Nicolaus restated a “buy” rating and set a $62.00 price objective (up previously from $52.00) on shares of Envestnet in a research report on Thursday, November 9th. Royal Bank of Canada reiterated a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Finally, Jefferies Group raised their target price on shares of Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $55.13.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its holdings in shares of Envestnet by 80.0% in the third quarter. Public Employees Retirement System of Ohio now owns 80,324 shares of the business services provider’s stock worth $4,097,000 after buying an additional 35,706 shares during the period. Ashford Capital Management Inc. boosted its holdings in shares of Envestnet by 0.4% during the third quarter. Ashford Capital Management Inc. now owns 241,458 shares of the business services provider’s stock worth $12,314,000 after purchasing an additional 962 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Envestnet by 6.4% during the third quarter. California Public Employees Retirement System now owns 37,156 shares of the business services provider’s stock worth $1,895,000 after purchasing an additional 2,250 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Envestnet during the third quarter worth approximately $238,000. Finally, Zions Bancorporation acquired a new stake in shares of Envestnet during the third quarter worth approximately $181,000. Institutional investors own 94.99% of the company’s stock.

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About Envestnet

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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