Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $36.28, for a total transaction of $725,600.00. Following the sale, the chief executive officer now directly owns 669,106 shares in the company, valued at $24,275,165.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Judson Bergman also recently made the following trade(s):
- On Monday, September 26th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $38.33, for a total transaction of $766,600.00.
Envestnet Inc. (NYSE:ENV) opened at 36.29 on Monday. The firm has a 50-day moving average of $38.30 and a 200-day moving average of $34.73. Envestnet Inc. has a 52 week low of $19.30 and a 52 week high of $41.47. The company’s market capitalization is $1.55 billion.
Envestnet (NYSE:ENV) last issued its quarterly earnings data on Monday, August 8th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Envestnet had a negative net margin of 3.95% and a positive return on equity of 4.20%. The business earned $141.70 million during the quarter, compared to analysts’ expectations of $139.12 million. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue was up 38.0% on a year-over-year basis. Equities analysts expect that Envestnet Inc. will post $0.99 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of ENV. 1st Global Advisors Inc. acquired a new stake in shares of Envestnet during the second quarter valued at $214,000. Van Berkom & Associates Inc. boosted its stake in shares of Envestnet by 95.0% in the second quarter. Van Berkom & Associates Inc. now owns 736,303 shares of the company’s stock valued at $24,526,000 after buying an additional 358,661 shares during the period. Barclays PLC boosted its stake in shares of Envestnet by 280.0% in the first quarter. Barclays PLC now owns 55,816 shares of the company’s stock valued at $1,507,000 after buying an additional 41,127 shares during the period. Legal & General Group Plc boosted its stake in shares of Envestnet by 30.1% in the first quarter. Legal & General Group Plc now owns 9,008 shares of the company’s stock valued at $247,000 after buying an additional 2,083 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Envestnet during the first quarter valued at $1,207,000.
Several analysts have weighed in on the stock. Avondale Partners cut shares of Envestnet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Royal Bank Of Canada upped their price objective on shares of Envestnet from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Zacks Investment Research cut shares of Envestnet from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Jefferies Group set a $48.00 price objective on shares of Envestnet and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $40.00 price objective (up from $37.00) on shares of Envestnet in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $36.19.
Envestnet Company Profile
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.
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