Envestnet Inc (NYSE:ENV) insider Anil Arora sold 4,551 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $62.40, for a total transaction of $283,982.40. Following the completion of the transaction, the insider now directly owns 75,388 shares of the company’s stock, valued at approximately $4,704,211.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, September 4th, Anil Arora sold 567 shares of Envestnet stock. The stock was sold at an average price of $62.41, for a total transaction of $35,386.47.
  • On Monday, August 27th, Anil Arora sold 362 shares of Envestnet stock. The stock was sold at an average price of $62.40, for a total transaction of $22,588.80.
  • On Wednesday, August 8th, Anil Arora sold 205 shares of Envestnet stock. The stock was sold at an average price of $62.40, for a total transaction of $12,792.00.
  • On Thursday, July 26th, Anil Arora sold 531 shares of Envestnet stock. The stock was sold at an average price of $62.40, for a total transaction of $33,134.40.
  • On Monday, July 23rd, Anil Arora sold 9,900 shares of Envestnet stock. The stock was sold at an average price of $59.80, for a total transaction of $592,020.00.

Shares of Envestnet stock opened at $56.12 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.41 and a quick ratio of 1.41. Envestnet Inc has a 1 year low of $47.45 and a 1 year high of $64.80. The firm has a market cap of $2.77 billion, a P/E ratio of 64.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.94.

Envestnet (NYSE:ENV) last issued its earnings results on Tuesday, August 7th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. Envestnet had a net margin of 2.50% and a return on equity of 10.75%. The firm had revenue of $201.12 million during the quarter, compared to analysts’ expectations of $199.52 million. As a group, equities analysts anticipate that Envestnet Inc will post 1.25 earnings per share for the current fiscal year.

A number of research firms have issued reports on ENV. DA Davidson raised their price target on shares of Envestnet to $56.00 and gave the stock an “average” rating in a report on Thursday, July 5th. JPMorgan Chase & Co. began coverage on shares of Envestnet in a report on Thursday, July 12th. They set an “overweight” rating and a $70.00 target price for the company. TheStreet cut shares of Envestnet from a “b-” rating to a “c+” rating in a report on Wednesday. Zacks Investment Research raised shares of Envestnet from a “sell” rating to a “hold” rating in a report on Monday, August 13th. Finally, UBS Group raised their target price on shares of Envestnet from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, August 10th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Envestnet has an average rating of “Buy” and an average price target of $63.71.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Envestnet by 16.7% during the second quarter. BlackRock Inc. now owns 3,150,212 shares of the business services provider’s stock valued at $173,104,000 after buying an additional 451,887 shares during the period. Oak Ridge Investments LLC grew its position in Envestnet by 22.1% during the second quarter. Oak Ridge Investments LLC now owns 341,535 shares of the business services provider’s stock valued at $18,767,000 after buying an additional 61,746 shares during the period. Renaissance Technologies LLC grew its position in Envestnet by 6.9% during the second quarter. Renaissance Technologies LLC now owns 509,392 shares of the business services provider’s stock valued at $27,991,000 after buying an additional 33,100 shares during the period. Van Berkom & Associates Inc. grew its position in Envestnet by 0.7% during the second quarter. Van Berkom & Associates Inc. now owns 1,297,378 shares of the business services provider’s stock valued at $71,291,000 after buying an additional 9,308 shares during the period. Finally, Natixis grew its position in Envestnet by 49.0% during the second quarter. Natixis now owns 37,250 shares of the business services provider’s stock valued at $2,047,000 after buying an additional 12,245 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

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 business 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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