Envestnet Inc (NYSE:ENV) insider Anil Arora sold 755 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $54.80, for a total transaction of $41,374.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Anil Arora also recently made the following trade(s):
- On Tuesday, January 30th, Anil Arora sold 7,109 shares of Envestnet stock. The stock was sold at an average price of $54.80, for a total transaction of $389,573.20.
- On Thursday, January 11th, Anil Arora sold 10,000 shares of Envestnet stock. The stock was sold at an average price of $53.88, for a total transaction of $538,800.00.
Envestnet Inc (NYSE:ENV) opened at $56.25 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2,481.13, a PE ratio of 71.79, a PEG ratio of 2.79 and a beta of 1.96. Envestnet Inc has a 1 year low of $30.80 and a 1 year high of $56.95.
ENV has been the subject of a number of research reports. Royal Bank of Canada reaffirmed a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Stifel Nicolaus reaffirmed a “buy” rating and set a $62.00 target price (up previously from $52.00) on shares of Envestnet in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Envestnet from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, UBS Group dropped their target price on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a report on Friday, November 17th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $55.00.
Several hedge funds have recently made changes to their positions in ENV. Victory Capital Management Inc. acquired a new position in shares of Envestnet during the 3rd quarter valued at about $30,101,000. Atlanta Capital Management Co. L L C acquired a new position in shares of Envestnet during the 3rd quarter valued at about $22,763,000. Vanguard Group Inc. boosted its position in shares of Envestnet by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,454,623 shares of the business services provider’s stock valued at $136,803,000 after acquiring an additional 188,892 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Envestnet by 96.3% during the 4th quarter. Renaissance Technologies LLC now owns 321,192 shares of the business services provider’s stock valued at $16,011,000 after acquiring an additional 157,600 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Envestnet by 193.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 221,805 shares of the business services provider’s stock valued at $11,057,000 after acquiring an additional 146,117 shares during the last quarter. 91.36% of the stock is currently owned by hedge funds and other institutional investors.
Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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