Envestnet Inc (NYSE:ENV) COO Joshua Mayer sold 500 shares of Envestnet stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $69.82, for a total transaction of $34,910.00. Following the sale, the chief operating officer now owns 28,102 shares of the company’s stock, valued at approximately $1,962,081.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Joshua Mayer also recently made the following trade(s):
- On Friday, July 5th, Joshua Mayer sold 500 shares of Envestnet stock. The stock was sold at an average price of $69.86, for a total transaction of $34,930.00.
- On Thursday, May 23rd, Joshua Mayer sold 1,000 shares of Envestnet stock. The stock was sold at an average price of $67.54, for a total transaction of $67,540.00.
Shares of ENV opened at $61.18 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.03. Envestnet Inc has a twelve month low of $46.57 and a twelve month high of $73.94. The firm has a 50 day moving average of $69.98. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 54.12, a P/E/G ratio of 2.89 and a beta of 1.67.
ENV has been the subject of several analyst reports. Raymond James lifted their price target on shares of Envestnet from $82.00 to $83.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 11th. JPMorgan Chase & Co. cut shares of Envestnet from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $71.00 to $73.00 in a research report on Thursday, May 9th. Zacks Investment Research raised shares of Envestnet from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. ValuEngine lowered shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, SunTrust Banks initiated coverage on shares of Envestnet in a research note on Thursday, April 18th. They set a “buy” rating and a $80.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $73.30.
Institutional investors and hedge funds have recently made changes to their positions in the business. TRUE Private Wealth Advisors bought a new stake in shares of Envestnet in the second quarter worth $27,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Envestnet in the second quarter worth $34,000. Hudock Capital Group LLC bought a new stake in shares of Envestnet in the second quarter worth $46,000. Marshall Wace LLP bought a new stake in shares of Envestnet in the first quarter worth $50,000. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Envestnet in the second quarter worth $83,000. 94.34% of the stock is currently owned by hedge funds and other institutional investors.
Envestnet Company Profile
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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