Envestnet Inc (NYSE:ENV) Insider William Crager Sells 18,500 Shares

Envestnet Inc (NYSE:ENV) insider William Crager sold 18,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $58.13, for a total value of $1,075,405.00. Following the completion of the sale, the insider now owns 243,512 shares of the company’s stock, valued at $14,155,352.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ENV traded down $0.23 during trading hours on Thursday, reaching $55.19. The company’s stock had a trading volume of 1,572 shares, compared to its average volume of 417,481. Envestnet Inc has a fifty-two week low of $46.57 and a fifty-two week high of $73.94. The stock has a market cap of $2.89 billion, a PE ratio of 44.41, a PEG ratio of 2.71 and a beta of 1.67. The business has a 50-day moving average of $68.63. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.60.

Envestnet (NYSE:ENV) last released its quarterly earnings data 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 negative net margin of 1.72% and a positive return on equity of 10.18%. The business had revenue of $227.90 million during the quarter, compared to analyst estimates of $225.34 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Envestnet Inc will post 1.31 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Envestnet by 9.4% in the second quarter. Vanguard Group Inc. now owns 4,491,058 shares of the business services provider’s stock valued at $307,053,000 after acquiring an additional 384,026 shares during the last quarter. Wasatch Advisors Inc. lifted its stake in Envestnet by 0.6% during the first quarter. Wasatch Advisors Inc. now owns 2,309,363 shares of the business services provider’s stock worth $151,009,000 after purchasing an additional 13,688 shares in the last quarter. Stephens Investment Management Group LLC lifted its stake in Envestnet by 0.4% during the second quarter. Stephens Investment Management Group LLC now owns 915,377 shares of the business services provider’s stock worth $62,584,000 after purchasing an additional 3,676 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Envestnet by 0.3% during the first quarter. Clearbridge Investments LLC now owns 912,274 shares of the business services provider’s stock worth $59,654,000 after purchasing an additional 3,142 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in Envestnet by 21.1% during the first quarter. Champlain Investment Partners LLC now owns 766,335 shares of the business services provider’s stock worth $50,111,000 after purchasing an additional 133,585 shares in the last quarter. Hedge funds and other institutional investors own 95.27% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Envestnet from an “overweight” rating to a “neutral” rating and upped their price target for the company from $71.00 to $73.00 in a research report on Thursday, May 9th. ValuEngine lowered Envestnet from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. TheStreet lowered Envestnet from a “b” rating to a “c+” rating in a research report on Thursday, May 9th. Zacks Investment Research lowered Envestnet from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Royal Bank of Canada upped their price target on Envestnet to $71.00 and gave the company a “sector perform” rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $73.30.

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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