Envestnet, Inc (ENV) CEO Judson Bergman Sells 20,000 Shares of Stock

Envestnet, Inc (NYSE:ENV) CEO Judson Bergman sold 20,000 shares of Envestnet stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $51.48, for a total transaction of $1,029,600.00. Following the completion of the sale, the chief executive officer now owns 738,569 shares of the company’s stock, valued at approximately $38,021,532.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Judson Bergman also recently made the following trade(s):

  • On Monday, November 6th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $53.21, for a total transaction of $1,064,200.00.

Envestnet, Inc (NYSE ENV) traded up $0.40 during mid-day trading on Wednesday, reaching $52.10. 94,700 shares of the company’s stock traded hands, compared to its average volume of 270,151. The company has a current ratio of 0.90, a quick ratio of 0.61 and a debt-to-equity ratio of 0.63. Envestnet, Inc has a 52-week low of $30.80 and a 52-week high of $55.15. The company has a market cap of $2,290.61, a price-to-earnings ratio of 66.28, a P/E/G ratio of 3.82 and a beta of 1.97.

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

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Several analysts have weighed in on ENV shares. Stifel Nicolaus reiterated a “buy” rating and issued a $52.00 price objective on shares of Envestnet in a research note on Tuesday, September 26th. Raymond James Financial, Inc. lifted their price objective on shares of Envestnet from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Envestnet from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Tuesday, October 10th. UBS AG reissued a “buy” rating and issued a $63.00 target price (up from $50.00) on shares of Envestnet in a report on Monday, October 9th. Finally, Jefferies Group LLC raised their target price on shares of Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $55.63.

Several institutional investors have recently made changes to their positions in ENV. D.A. Davidson & CO. grew its holdings in shares of Envestnet by 13.0% during the 2nd quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 379 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Envestnet by 5.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 204 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Envestnet during the 3rd quarter valued at approximately $181,000. Gradient Investments LLC bought a new stake in shares of Envestnet during the 2nd quarter valued at approximately $191,000. Finally, Personal Capital Advisors Corp bought a new stake in shares of Envestnet during the 3rd quarter valued at approximately $203,000. 97.48% of the stock is currently owned by institutional investors.

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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