Judson Bergman Sells 7,541 Shares of Envestnet Inc. (ENV) Stock
Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 7,541 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $36.95, for a total value of $278,639.95. Following the transaction, the chief executive officer now directly owns 656,635 shares of the company’s stock, valued at approximately $24,262,663.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Judson Bergman also recently made the following trade(s):
- On Monday, October 3rd, Judson Bergman sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $36.28, for a total value of $725,600.00.
- On Monday, September 26th, Judson Bergman sold 20,000 shares of Envestnet stock. The shares were sold at an average price of $38.33, for a total value of $766,600.00.
Envestnet Inc. (NYSE:ENV) opened at 36.27 on Friday. The firm’s 50 day moving average price is $38.00 and its 200-day moving average price is $34.98. The firm’s market cap is $1.55 billion. Envestnet Inc. has a 52 week low of $19.30 and a 52 week high of $41.47.
Envestnet (NYSE:ENV) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Envestnet had a positive return on equity of 4.20% and a negative net margin of 3.95%. The company earned $141.70 million during the quarter, compared to the consensus estimate of $139.12 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 38.0% compared to the same quarter last year. On average, analysts forecast that Envestnet Inc. will post $0.99 EPS for the current year.
ENV has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Envestnet from a “hold” rating to a “sell” rating in a research report on Friday, August 19th. Jefferies Group set a $48.00 price objective on Envestnet and gave the company a “buy” rating in a research report on Tuesday, August 16th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $40.00 price objective (up previously from $37.00) on shares of Envestnet in a research report on Wednesday, August 10th. Royal Bank Of Canada lifted their price objective on Envestnet from $37.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 9th. Finally, JMP Securities reaffirmed a “buy” rating and issued a $9.50 price objective (down previously from $36.00) on shares of Envestnet in a research report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Envestnet currently has a consensus rating of “Buy” and an average target price of $36.19.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its stake in shares of Envestnet by 113.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,448 shares of the company’s stock worth $126,000 after buying an additional 1,835 shares during the period. BlackRock Inc. raised its stake in Envestnet by 233.3% in the first quarter. BlackRock Inc. now owns 4,093 shares of the company’s stock worth $111,000 after buying an additional 2,865 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Envestnet by 13.6% in the second quarter. Teacher Retirement System of Texas now owns 5,343 shares of the company’s stock worth $178,000 after buying an additional 638 shares during the last quarter. Trexquant Investment LP acquired a new stake in Envestnet during the second quarter worth about $209,000. Finally, 1st Global Advisors Inc. acquired a new stake in Envestnet during the second quarter worth about $214,000.
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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