Envestnet Inc (NYSE:ENV) insider William Crager sold 72,750 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.16, for a total transaction of $4,158,390.00. Following the sale, the insider now owns 297,054 shares in the company, valued at $16,979,606.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
William Crager also recently made the following trade(s):
- On Monday, August 12th, William Crager sold 18,500 shares of Envestnet stock. The stock was sold at an average price of $58.13, for a total transaction of $1,075,405.00.
NYSE ENV opened at $60.70 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.54 and a quick ratio of 0.54. The company’s 50 day simple moving average is $59.51 and its 200 day simple moving average is $66.00. Envestnet Inc has a 12 month low of $46.57 and a 12 month high of $73.94. The company has a market capitalization of $3.07 billion, a P/E ratio of 48.56, a PEG ratio of 2.62 and a beta of 1.74.
A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of Envestnet from a “hold” rating to a “sell” rating in a research report on Tuesday, August 13th. ValuEngine downgraded shares of Envestnet from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Raymond James boosted 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Envestnet has a consensus rating of “Buy” and an average target price of $73.30.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TRUE Private Wealth Advisors purchased a new position in shares of Envestnet in the second quarter worth approximately $27,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Envestnet in the second quarter worth approximately $34,000. Hudock Capital Group LLC purchased a new position in shares of Envestnet in the second quarter worth approximately $46,000. Marshall Wace LLP purchased a new position in shares of Envestnet in the first quarter worth approximately $50,000. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Envestnet in the second quarter worth approximately $83,000. Institutional investors and hedge funds own 89.44% of the company’s stock.
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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