Envestnet Inc (ENV) CFO Peter D’arrigo Sells 23,437 Shares

Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 23,437 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 51,436 shares in the company, valued at $2,565,113.32. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $51.49, for a total transaction of $1,544,700.00.

Envestnet Inc (NYSE:ENV) traded up $1.55 during mid-day trading on Thursday, hitting $54.00. 267,101 shares of the company’s stock traded hands, compared to its average volume of 225,800. The stock has a market capitalization of $2,390.00, a P/E ratio of -43.55, a PEG ratio of 2.81 and a beta of 1.90. Envestnet Inc has a 52-week low of $30.80 and a 52-week high of $55.15. 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 posted its quarterly 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. The firm had revenue of $175.61 million for the quarter, compared to the consensus estimate of $171.57 million. Envestnet had a negative net margin of 8.15% and a positive return on equity of 8.92%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. equities analysts forecast that Envestnet Inc will post 0.89 EPS for the current fiscal year.

A number of equities analysts have weighed in on ENV shares. UBS Group cut their target price 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 upgraded shares of Envestnet from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, October 10th. Royal Bank of Canada restated a “hold” rating on shares of Envestnet in a research report on Tuesday, November 7th. Stifel Nicolaus restated a “buy” rating and issued a $62.00 price objective (up from $52.00) on shares of Envestnet in a research report on Thursday, November 9th. Finally, JMP Securities raised their price objective on shares of Envestnet from $48.00 to $56.00 and gave the company an “outperform” rating in a research report on Tuesday, September 26th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $55.00.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC increased its stake in shares of Envestnet by 559.6% in the second quarter. Janus Henderson Group PLC now owns 4,017,706 shares of the business services provider’s stock worth $159,101,000 after buying an additional 3,408,580 shares during the period. Vanguard Group Inc. boosted its holdings in Envestnet by 5.8% in the second quarter. Vanguard Group Inc. now owns 3,454,623 shares of the business services provider’s stock valued at $136,803,000 after acquiring an additional 188,892 shares in the last quarter. BlackRock Inc. boosted its holdings in Envestnet by 3.1% in the second quarter. BlackRock Inc. now owns 2,662,809 shares of the business services provider’s stock valued at $105,446,000 after acquiring an additional 81,056 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in Envestnet by 3.0% in the second quarter. Wasatch Advisors Inc. now owns 1,985,952 shares of the business services provider’s stock valued at $78,644,000 after acquiring an additional 57,555 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its holdings in Envestnet by 6.3% in the third quarter. Stephens Investment Management Group LLC now owns 1,434,756 shares of the business services provider’s stock valued at $73,173,000 after acquiring an additional 85,642 shares in the last quarter. 94.90% of the stock is currently 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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