Envestnet Inc. (ENV) CEO Judson Bergman Sells 20,000 Shares
Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $36.28, for a total value of $725,600.00. Following the transaction, the chief executive officer now directly owns 669,106 shares of the company’s stock, valued at $24,275,165.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Judson Bergman also recently made the following trade(s):
- On Monday, September 26th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $38.33, for a total value of $766,600.00.
Shares of Envestnet Inc. (NYSE:ENV) opened at 36.82 on Thursday. The stock has a 50 day moving average price of $38.42 and a 200 day moving average price of $34.63. The stock’s market capitalization is $1.58 billion. Envestnet Inc. has a 12-month low of $19.30 and a 12-month high of $41.47.
Envestnet (NYSE:ENV) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. Envestnet had a negative net margin of 3.95% and a positive return on equity of 4.20%. The company had revenue of $141.70 million for the quarter, compared to the consensus estimate of $139.12 million. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue was up 38.0% compared to the same quarter last year. On average, equities analysts anticipate that Envestnet Inc. will post $0.99 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. 1st Global Advisors Inc. bought a new position in Envestnet during the second quarter valued at about $214,000. Van Berkom & Associates Inc. increased its position in Envestnet by 95.0% in the second quarter. Van Berkom & Associates Inc. now owns 736,303 shares of the company’s stock valued at $24,526,000 after buying an additional 358,661 shares during the last quarter. Barclays PLC increased its position in Envestnet by 280.0% in the first quarter. Barclays PLC now owns 55,816 shares of the company’s stock valued at $1,507,000 after buying an additional 41,127 shares during the last quarter. Legal & General Group Plc increased its position in Envestnet by 30.1% in the first quarter. Legal & General Group Plc now owns 9,008 shares of the company’s stock valued at $247,000 after buying an additional 2,083 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in Envestnet during the first quarter valued at about $1,207,000.
Several research firms recently commented on ENV. Zacks Investment Research raised Envestnet from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Thursday, July 14th. Avondale Partners cut Envestnet from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. JMP Securities reissued a “buy” rating and set a $9.50 target price (down from $36.00) on shares of Envestnet in a research note on Thursday, June 23rd. Royal Bank Of Canada boosted their target price on Envestnet from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $40.00 target price (up from $37.00) on shares of Envestnet in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Envestnet currently has a consensus rating of “Buy” and an average target price of $36.19.
Envestnet Company Profile
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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