Envestnet Inc (NYSE:ENV) Insider William Crager Sells 72,750 Shares

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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.

Envestnet (NYSE:ENV) last released its earnings results on Wednesday, August 7th. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Envestnet had a positive return on equity of 9.15% and a negative net margin of 1.72%. The business had revenue of $227.90 million during the quarter, compared to the consensus estimate of $225.34 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, analysts anticipate that Envestnet Inc will post 1.28 earnings per share for the current year.

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.

About Envestnet

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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