Envestnet Inc (NYSE:ENV) Insider Sells $159,180.00 in Stock

Envestnet Inc (NYSE:ENV) insider Shelly O’brien sold 3,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $53.06, for a total transaction of $159,180.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shelly O’brien also recently made the following trade(s):

  • On Tuesday, January 2nd, Shelly O’brien sold 3,000 shares of Envestnet stock. The shares were sold at an average price of $50.00, for a total transaction of $150,000.00.
  • On Wednesday, December 6th, Shelly O’brien sold 1,500 shares of Envestnet stock. The shares were sold at an average price of $50.00, for a total transaction of $75,000.00.
  • On Friday, December 1st, Shelly O’brien sold 1,500 shares of Envestnet stock. The shares were sold at an average price of $48.13, for a total transaction of $72,195.00.

Envestnet Inc (NYSE ENV) traded up $0.45 during trading on Thursday, hitting $54.25. 24,317 shares of the stock traded hands, compared to its average volume of 225,070. The company has a market capitalization of $2,286.18, a PE ratio of 66.15, a P/E/G ratio of 2.64 and a beta of 1.96. Envestnet Inc has a 52-week low of $30.80 and a 52-week high of $55.45. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.63.

A number of equities research analysts have issued reports on ENV shares. Zacks Investment Research raised shares of Envestnet from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a report on Tuesday, January 9th. Stifel Nicolaus reissued 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. UBS Group lowered their target price on shares of Envestnet from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, November 17th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Envestnet in a report on Tuesday, November 7th. Three investment 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 company. Envestnet presently has an average rating of “Buy” and an average target price of $55.00.

Several institutional investors have recently added to or reduced their stakes in the company. Gotham Asset Management LLC bought a new position in shares of Envestnet in the fourth quarter worth $585,000. Macquarie Group Ltd. bought a new position in shares of Envestnet in the fourth quarter worth $194,000. LPL Financial LLC bought a new position in shares of Envestnet in the fourth quarter worth $233,000. Millennium Management LLC increased its holdings in shares of Envestnet by 47.9% in the fourth quarter. Millennium Management LLC now owns 260,154 shares of the business services provider’s stock worth $12,969,000 after purchasing an additional 84,205 shares during the period. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Envestnet by 26.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 189,009 shares of the business services provider’s stock worth $9,422,000 after purchasing an additional 40,122 shares during the period. 92.65% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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