Insider Selling: Envestnet Inc (ENV) CFO Sells $1,168,803.19 in Stock

Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 23,437 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $49.87, for a total value of $1,168,803.19. Following the completion of the transaction, the chief financial officer now owns 51,436 shares of the company’s stock, valued at $2,565,113.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 value 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 value 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 value 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 value 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 value 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 value 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 value 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 value of $1,544,700.00.

Envestnet Inc (NYSE ENV) opened at $53.10 on Friday. Envestnet Inc has a 12-month low of $30.80 and a 12-month high of $55.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $2,339.35, a P/E ratio of 67.69, a price-to-earnings-growth ratio of 3.95 and a beta of 1.91.

Envestnet (NYSE:ENV) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The firm had revenue of $175.61 million during the quarter, compared to the consensus estimate of $171.57 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 17.7% on a year-over-year basis. sell-side analysts expect that Envestnet Inc will post 0.89 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. D.A. Davidson & CO. raised its stake in shares of Envestnet by 13.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock worth $130,000 after purchasing an additional 379 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Envestnet by 5.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after purchasing an additional 204 shares in the last quarter. Zions Bancorporation bought a new stake in shares of Envestnet during the 3rd quarter worth approximately $181,000. Personal Capital Advisors Corp bought a new stake in shares of Envestnet during the 3rd quarter worth approximately $203,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Envestnet by 525.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,151 shares of the business services provider’s stock worth $204,000 after purchasing an additional 4,328 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.

A number of equities analysts have weighed in on ENV shares. Zacks Investment Research raised Envestnet from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. UBS reaffirmed a “buy” rating and set a $63.00 price target (up previously from $50.00) on shares of Envestnet in a research report on Monday, October 9th. Jefferies Group upped their price target on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Envestnet in a research report on Monday, September 11th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $52.00 price target on shares of Envestnet in a research report on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.13.

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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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