Anil Arora Sells 4,551 Shares of Envestnet Inc (ENV) Stock

Share on StockTwits

Envestnet Inc (NYSE:ENV) insider Anil Arora sold 4,551 shares of Envestnet stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $62.40, for a total transaction of $283,982.40. Following the completion of the sale, the insider now owns 75,388 shares in the company, valued at approximately $4,704,211.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anil Arora also recently made the following trade(s):

  • On Tuesday, September 4th, Anil Arora sold 567 shares of Envestnet stock. The shares were sold at an average price of $62.41, for a total transaction of $35,386.47.
  • On Monday, August 27th, Anil Arora sold 362 shares of Envestnet stock. The shares were sold at an average price of $62.40, for a total transaction of $22,588.80.
  • On Wednesday, August 8th, Anil Arora sold 205 shares of Envestnet stock. The shares were sold at an average price of $62.40, for a total transaction of $12,792.00.
  • On Thursday, July 26th, Anil Arora sold 531 shares of Envestnet stock. The shares were sold at an average price of $62.40, for a total transaction of $33,134.40.
  • On Monday, July 23rd, Anil Arora sold 9,900 shares of Envestnet stock. The shares were sold at an average price of $59.80, for a total transaction of $592,020.00.

NYSE:ENV opened at $56.12 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $2.77 billion, a PE ratio of 64.27, a price-to-earnings-growth ratio of 3.44 and a beta of 1.94. Envestnet Inc has a twelve month low of $47.45 and a twelve month high of $64.80.

Envestnet (NYSE:ENV) last posted its quarterly earnings results on Tuesday, August 7th. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The firm had revenue of $201.12 million for the quarter, compared to the consensus estimate of $199.52 million. Envestnet had a net margin of 2.50% and a return on equity of 10.75%. On average, research analysts anticipate that Envestnet Inc will post 1.25 earnings per share for the current year.

ENV has been the topic of several research analyst reports. DA Davidson lifted their target price on shares of Envestnet to $56.00 and gave the company an “average” rating in a research report on Thursday, July 5th. TheStreet upgraded shares of Envestnet from a “c+” rating to a “b-” rating in a research report on Monday, July 16th. UBS Group lifted their target price on shares of Envestnet from $62.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, August 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Envestnet in a research report on Wednesday, July 18th. Finally, Zacks Investment Research upgraded shares of Envestnet from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Thursday, October 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $63.71.

Several large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY lifted its stake in shares of Envestnet by 6.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,445 shares of the business services provider’s stock worth $794,000 after buying an additional 854 shares in the last quarter. United Services Automobile Association lifted its stake in shares of Envestnet by 13.2% in the second quarter. United Services Automobile Association now owns 7,421 shares of the business services provider’s stock worth $408,000 after buying an additional 866 shares in the last quarter. Amalgamated Bank lifted its stake in shares of Envestnet by 16.2% in the second quarter. Amalgamated Bank now owns 6,759 shares of the business services provider’s stock worth $371,000 after buying an additional 942 shares in the last quarter. US Bancorp DE lifted its stake in shares of Envestnet by 11.5% in the second quarter. US Bancorp DE now owns 9,593 shares of the business services provider’s stock worth $527,000 after buying an additional 989 shares in the last quarter. Finally, Greenwood Capital Associates LLC lifted its stake in shares of Envestnet by 27.7% in the second quarter. Greenwood Capital Associates LLC now owns 4,832 shares of the business services provider’s stock worth $266,000 after buying an additional 1,049 shares in the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

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 business 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.

Featured Story: Risk Tolerance

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

Receive News & Ratings for Envestnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply