Insider Selling: Envestnet Inc (ENV) Director Sells 325 Shares of Stock

Envestnet Inc (NYSE:ENV) Director Anil Arora sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $70.03, for a total transaction of $22,759.75. Following the transaction, the director now owns 43,752 shares of the company’s stock, valued at approximately $3,063,952.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Anil Arora also recently made the following trade(s):

  • On Monday, April 1st, Anil Arora sold 9,594 shares of Envestnet stock. The stock was sold at an average price of $65.66, for a total transaction of $629,942.04.

NYSE ENV traded up $1.28 during mid-day trading on Friday, reaching $72.45. 281,001 shares of the stock were exchanged, compared to its average volume of 288,629. Envestnet Inc has a 1 year low of $46.57 and a 1 year high of $72.67. The company has a market capitalization of $3.53 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 3.04 and a beta of 1.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.11.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Thursday, February 21st. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.18. Envestnet had a net margin of 0.71% and a return on equity of 11.51%. The firm had revenue of $210.08 million for the quarter, compared to the consensus estimate of $210.52 million. On average, equities analysts expect that Envestnet Inc will post 1.47 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in ENV. Dimensional Fund Advisors LP boosted its holdings in Envestnet by 88.7% during the third quarter. Dimensional Fund Advisors LP now owns 363,129 shares of the business services provider’s stock worth $22,133,000 after buying an additional 170,702 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in Envestnet by 55.1% during the third quarter. MetLife Investment Advisors LLC now owns 31,346 shares of the business services provider’s stock worth $1,911,000 after buying an additional 11,139 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Envestnet by 2.7% during the third quarter. Teachers Advisors LLC now owns 83,501 shares of the business services provider’s stock worth $5,089,000 after buying an additional 2,232 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Envestnet by 2.9% during the third quarter. Vanguard Group Inc. now owns 3,942,847 shares of the business services provider’s stock worth $240,316,000 after buying an additional 112,801 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Envestnet by 1.4% during the third quarter. Clearbridge Investments LLC now owns 888,199 shares of the business services provider’s stock worth $54,136,000 after buying an additional 11,953 shares in the last quarter. 92.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on ENV shares. William Blair restated an “outperform” rating on shares of Envestnet in a research note on Thursday, March 14th. JMP Securities upped their price objective on shares of Envestnet from $67.00 to $72.00 and gave the company a “market outperform” rating in a report on Friday, March 15th. DA Davidson downgraded shares of Envestnet from a “buy” rating to a “neutral” rating and upped their price objective for the company from $64.00 to $67.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Envestnet from $64.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Envestnet has a consensus rating of “Buy” and a consensus price target of $69.67.

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

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