Peter D’arrigo Sells 29,780 Shares of Envestnet Inc (ENV) Stock

Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 29,780 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $50.09, for a total value of $1,491,680.20. Following the completion of the sale, the chief financial officer now owns 57,779 shares of the company’s stock, valued at approximately $2,894,150.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Peter D’arrigo also recently made the following trade(s):

  • On Monday, December 11th, Peter D’arrigo sold 220 shares of Envestnet stock. The shares were sold at an average price of $49.73, for a total value of $10,940.60.
  • On Wednesday, December 6th, Peter D’arrigo sold 10,000 shares of Envestnet stock. The shares were sold at an average price of $50.00, for a total value of $500,000.00.
  • On Friday, December 1st, Peter D’arrigo sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $48.11, for a total value of $962,200.00.
  • On Monday, November 27th, Peter D’arrigo sold 3,105 shares of Envestnet stock. The shares were sold at an average price of $50.01, for a total value of $155,281.05.
  • On Friday, November 24th, Peter D’arrigo sold 20,005 shares of Envestnet stock. The shares were sold at an average price of $49.68, for a total value of $993,848.40.
  • On Friday, November 17th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $50.15, for a total value of $1,504,500.00.
  • On Friday, November 10th, Peter D’arrigo sold 30,000 shares of Envestnet stock. The shares were sold at an average price of $51.49, for a total value of $1,544,700.00.

Envestnet Inc (NYSE:ENV) opened at $50.60 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $2,199.78, a P/E ratio of 63.65, a P/E/G ratio of 3.69 and a beta of 1.91. Envestnet Inc has a twelve month low of $30.80 and a twelve month high of $55.15.

Envestnet (NYSE:ENV) last announced its earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $175.61 million during the quarter, compared to the consensus estimate of $171.57 million. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. research analysts expect that Envestnet Inc will post 0.9 EPS for the current year.

ENV has been the subject of several recent research reports. Zacks Investment Research upgraded Envestnet from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. UBS restated a “buy” rating and set a $63.00 target price (up previously from $50.00) on shares of Envestnet in a report on Monday, October 9th. Jefferies Group upped their target price on Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Royal Bank of Canada restated a “hold” rating on shares of Envestnet in a report on Monday, September 11th. Finally, Stifel Nicolaus restated a “buy” rating and set a $52.00 target price on shares of Envestnet in a report on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $55.13.

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its stake in Envestnet by 80.0% in the third quarter. Public Employees Retirement System of Ohio now owns 80,324 shares of the business services provider’s stock worth $4,097,000 after purchasing an additional 35,706 shares during the period. Ashford Capital Management Inc. grew its stake in Envestnet by 0.4% in the third quarter. Ashford Capital Management Inc. now owns 241,458 shares of the business services provider’s stock worth $12,314,000 after purchasing an additional 962 shares during the period. California Public Employees Retirement System grew its stake in Envestnet by 6.4% in the third quarter. California Public Employees Retirement System now owns 37,156 shares of the business services provider’s stock worth $1,895,000 after purchasing an additional 2,250 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Envestnet in the third quarter worth $238,000. Finally, Zions Bancorporation purchased a new stake in Envestnet in the third quarter worth $181,000. 94.99% of the stock is currently owned by institutional investors.

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About Envestnet

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.

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

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