Anil Arora Sells 2,261 Shares of Envestnet Inc (NYSE:ENV) Stock

Envestnet Inc (NYSE:ENV) Director Anil Arora sold 2,261 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $66.79, for a total transaction of $151,012.19. Following the completion of the sale, the director now owns 40,706 shares of the company’s stock, valued at approximately $2,718,753.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Anil Arora also recently made the following trade(s):

  • On Wednesday, May 1st, Anil Arora sold 325 shares of Envestnet stock. The stock was sold at an average price of $70.03, for a total transaction of $22,759.75.
  • On Monday, April 1st, Anil Arora sold 9,594 shares of Envestnet stock. The stock was sold at an average price of $65.66, for a total transaction of $629,942.04.

NYSE ENV traded up $0.67 during midday trading on Friday, hitting $68.37. The company had a trading volume of 762,600 shares, compared to its average volume of 281,495. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $3.25 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 2.93 and a beta of 1.82. The stock has a fifty day moving average of $68.22. Envestnet Inc has a fifty-two week low of $46.57 and a fifty-two week high of $72.67.

Envestnet (NYSE:ENV) last issued its earnings results on Wednesday, May 8th. The business services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). Envestnet had a negative net margin of 2.52% and a positive return on equity of 10.28%. The business had revenue of $199.70 million for the quarter, compared to analyst estimates of $201.37 million. During the same quarter last year, the firm posted $0.37 earnings per share. Envestnet’s revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that Envestnet Inc will post 1.4 EPS for the current year.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Envestnet by 4.8% during the 4th quarter. BlackRock Inc. now owns 3,352,246 shares of the business services provider’s stock valued at $164,898,000 after acquiring an additional 152,126 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of Envestnet by 0.6% during the 1st quarter. Wasatch Advisors Inc. now owns 2,309,363 shares of the business services provider’s stock valued at $151,009,000 after acquiring an additional 13,688 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Envestnet by 0.3% during the 1st quarter. Clearbridge Investments LLC now owns 912,274 shares of the business services provider’s stock valued at $59,654,000 after acquiring an additional 3,142 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of Envestnet by 21.1% during the 1st quarter. Champlain Investment Partners LLC now owns 766,335 shares of the business services provider’s stock valued at $50,111,000 after acquiring an additional 133,585 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in Envestnet by 20.2% during the 1st quarter. Fiera Capital Corp now owns 766,325 shares of the business services provider’s stock valued at $50,110,000 after purchasing an additional 128,805 shares during the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

A number of equities research analysts have issued reports on ENV shares. SunTrust Banks started coverage on shares of Envestnet in a research report on Thursday, April 18th. They issued a “buy” rating and a $80.00 target price for the company. UBS Group raised their price target on shares of Envestnet from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. TheStreet downgraded shares of Envestnet from a “b” rating to a “c+” rating in a report on Thursday, May 9th. Zacks Investment Research upgraded shares of Envestnet from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, JMP Securities raised their price target on shares of Envestnet from $67.00 to $72.00 and gave the company a “market outperform” rating in a report on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Envestnet presently has a consensus rating of “Buy” and a consensus target price of $73.20.

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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Insider Buying and Selling by Quarter for Envestnet (NYSE:ENV)

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