Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 23,437 shares of Envestnet stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $49.87, for a total transaction of $1,168,803.19. Following the sale, the chief financial officer now owns 51,436 shares in the company, valued at approximately $2,565,113.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 Friday, December 8th, Peter D’arrigo sold 29,780 shares of Envestnet stock. The shares were sold at an average price of $50.09, for a total transaction of $1,491,680.20.
  • 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.

Shares of Envestnet Inc (ENV) opened at $52.80 on Thursday. Envestnet Inc has a 1 year low of $30.80 and a 1 year high of $55.15. The firm has a market cap of $2,308.33, a price-to-earnings ratio of 66.79, a P/E/G ratio of 3.87 and a beta of 1.91. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.90.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share 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 for the quarter, compared to analysts’ expectations of $171.57 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. Envestnet’s quarterly revenue was up 17.7% on a year-over-year basis. analysts forecast that Envestnet Inc will post 0.9 EPS for the current fiscal year.

ENV has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Envestnet from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. Royal Bank of Canada restated a “hold” rating on shares of Envestnet in a research report on Monday, September 11th. JMP Securities boosted their price target on shares of Envestnet from $48.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 26th. They noted that the move was a valuation call. William Blair restated an “ourperform” rating on shares of Envestnet in a research report on Tuesday, September 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $52.00 price target on shares of Envestnet in a research report on Tuesday, September 26th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $55.13.

Hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in Envestnet by 13.0% during the second quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock worth $130,000 after buying an additional 379 shares during the period. Zions Bancorporation purchased a new position in Envestnet during the third quarter worth $181,000. Ameritas Investment Partners Inc. boosted its stake in Envestnet by 5.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after buying an additional 204 shares during the period. Personal Capital Advisors Corp purchased a new position in Envestnet during the third quarter worth $203,000. Finally, First Republic Investment Management Inc. purchased a new position in Envestnet during the third quarter worth $204,000. 94.90% of the stock is owned by institutional investors.

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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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