Insider Selling: Envestnet Inc (NYSE:ENV) CEO Sells $1,086,900.00 in Stock

Envestnet Inc (NYSE:ENV) CEO Judson Bergman sold 15,000 shares of Envestnet stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $72.46, for a total transaction of $1,086,900.00. Following the transaction, the chief executive officer now owns 828,323 shares of the company’s stock, valued at approximately $60,020,284.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Judson Bergman also recently made the following trade(s):

  • On Wednesday, July 10th, Judson Bergman sold 15,000 shares of Envestnet stock. The stock was sold at an average price of $69.81, for a total transaction of $1,047,150.00.
  • On Tuesday, July 2nd, Judson Bergman sold 7,500 shares of Envestnet stock. The stock was sold at an average price of $68.50, for a total transaction of $513,750.00.
  • On Tuesday, June 25th, Judson Bergman sold 7,500 shares of Envestnet stock. The stock was sold at an average price of $67.86, for a total transaction of $508,950.00.
  • On Tuesday, June 18th, Judson Bergman sold 15,000 shares of Envestnet stock. The stock was sold at an average price of $69.91, for a total transaction of $1,048,650.00.

NYSE:ENV opened at $71.91 on Friday. The firm has a 50 day moving average price of $69.42. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 57.53, a PEG ratio of 3.20 and a beta of 1.70. Envestnet Inc has a 1-year low of $46.57 and a 1-year high of $73.23.

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

Several large investors have recently bought and sold shares of ENV. Marshall Wace LLP acquired a new position in shares of Envestnet in the first quarter valued at approximately $50,000. Pittenger & Anderson Inc. raised its position in shares of Envestnet by 37.5% in the first quarter. Pittenger & Anderson Inc. now owns 1,375 shares of the business services provider’s stock valued at $90,000 after buying an additional 375 shares during the last quarter. Huntington National Bank increased its position in Envestnet by 27.3% during the first quarter. Huntington National Bank now owns 1,543 shares of the business services provider’s stock worth $101,000 after purchasing an additional 331 shares during the last quarter. Advisors Asset Management Inc. increased its position in Envestnet by 66.9% during the first quarter. Advisors Asset Management Inc. now owns 1,974 shares of the business services provider’s stock worth $129,000 after purchasing an additional 791 shares during the last quarter. Finally, CAPROCK Group Inc. acquired a new position in Envestnet during the first quarter worth approximately $211,000. 94.20% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on ENV shares. Buckingham Research cut shares of Envestnet from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a research report on Thursday, May 9th. SunTrust Banks lifted their target price on shares of PepsiCo to $120.00 and gave the stock a “hold” rating in a research report on Thursday, April 18th. TheStreet cut shares of Trade Desk from a “b-” rating to a “c-” rating in a research report on Thursday, May 9th. JPMorgan Chase & Co. lowered shares of Aeroports de Paris from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 9th. Finally, Zacks Investment Research lowered shares of GenMark Diagnostics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating, six have issued 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.

Envestnet Company Profile

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.

See Also: Liquidity

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

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