Insider Selling: Wealthfront (NASDAQ:WLTH) Director Sells $100,000.00 in Stock

Wealthfront (NASDAQ:WLTH) Director Kenneth Goldman sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the transaction, the director directly owned 49,655 shares in the company, valued at $496,550. The trade was a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wealthfront Price Performance

Shares of NASDAQ:WLTH opened at $10.38 on Monday. The firm has a fifty day moving average of $9.39 and a two-hundred day moving average of $9.64. Wealthfront has a 12-month low of $7.20 and a 12-month high of $14.88. The firm has a market capitalization of $1.55 billion and a P/E ratio of -11.16.

Wealthfront (NASDAQ:WLTH) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $91.87 million for the quarter. Wealthfront had a negative net margin of 19.42% and a negative return on equity of 15.99%. The firm’s revenue was up .9% compared to the same quarter last year. Equities research analysts expect that Wealthfront will post 0.4 earnings per share for the current fiscal year.

Wealthfront News Roundup

Here are the key news stories impacting Wealthfront this week:

• Positive Sentiment: Wealthfront reported fiscal second-quarter adjusted earnings of $0.10 per share, ahead of the $0.09 consensus estimate, while revenue reached $91.87 million and increased approximately 0.9% year over year. The results initially supported a sharp advance in WLTH shares. Wealthfront Shares Advance After Fiscal Q2 Earnings Fall, Revenue Rises
• Positive Sentiment: Platform assets surpassed $100 billion, a scale milestone that may improve investor confidence in Wealthfront’s ability to attract and retain customer assets. The company also plans to transition customers to a Wealthfront Brokerage Account in October, potentially supporting broader product adoption and monetization. Wealthfront Plans October Transition to Wealthfront Brokerage Account
• Neutral Sentiment: Reported short-interest data showed zero shares sold short and a zero-day days-to-cover ratio, but the disclosure also contained an invalid percentage-change figure. The data therefore offers little reliable insight into trading pressure.
• Negative Sentiment: Quarterly profit declined because of higher expenses, and Wealthfront continues to post a negative net margin and negative return on equity. These profitability concerns may limit the benefit of the earnings beat. Wealthfront Q2 Profit Drops From Higher Expenses
• Negative Sentiment: Johnson Fistel announced an investigation into potential securities claims related to post-IPO disclosures and declines in Wealthfront’s stock. Although no wrongdoing has been established, the investigation adds regulatory and litigation risk. Wealthfront Investor Alert
• Negative Sentiment: Director Kenneth Goldman sold 10,000 shares for $100,000, reducing his position by 16.76%. The sale was made under a pre-arranged Rule 10b5-1 plan, which reduces its value as a discretionary bearish signal but may still affect sentiment.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Wealthfront from $12.00 to $11.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.00 target price on shares of Wealthfront in a research report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Wealthfront in a report on Monday, July 6th. Wall Street Zen upgraded shares of Wealthfront from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Keefe, Bruyette & Woods cut their target price on Wealthfront from $11.00 to $10.50 and set a “market perform” rating on the stock in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Wealthfront currently has a consensus rating of “Hold” and an average target price of $12.00.

Hedge Funds Weigh In On Wealthfront

A number of institutional investors have recently modified their holdings of WLTH. Royal Bank of Canada acquired a new position in Wealthfront in the 1st quarter valued at $27,000. Sandia Investment Management LP acquired a new position in Wealthfront during the 4th quarter worth $44,000. Strs Ohio bought a new stake in Wealthfront during the first quarter valued at about $56,000. Barclays PLC acquired a new stake in shares of Wealthfront in the fourth quarter valued at about $136,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Wealthfront in the second quarter valued at about $90,000.

About Wealthfront

Wealthfront, Inc is a U.S.-based digital wealth management company that provides automated investing, financial planning and cash management services through an online platform and mobile applications. The company is designed to help individuals manage their finances with technology-driven tools and diversified investment portfolios.

Its offerings have included automated investment accounts, tax-efficient portfolio management, financial planning tools, high-yield cash management products and lending services.