Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo Sells 5,000 Shares

Envestnet Inc (NYSE:ENV) CFO Peter D’arrigo sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $70.00, for a total transaction of $350,000.00. Following the completion of the transaction, the chief financial officer now owns 56,840 shares of the company’s stock, valued at approximately $3,978,800. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Peter D’arrigo also recently made the following trade(s):

  • On Thursday, December 26th, Peter D’arrigo sold 8,000 shares of Envestnet stock. The shares were sold at an average price of $71.02, for a total transaction of $568,160.00.
  • On Wednesday, December 18th, Peter D’arrigo sold 10,000 shares of Envestnet stock. The shares were sold at an average price of $70.45, for a total transaction of $704,500.00.
  • On Wednesday, November 27th, Peter D’arrigo sold 10,000 shares of Envestnet stock. The shares were sold at an average price of $69.91, for a total transaction of $699,100.00.
  • On Wednesday, November 20th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The shares were sold at an average price of $64.84, for a total transaction of $324,200.00.
  • On Wednesday, November 13th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The shares were sold at an average price of $64.25, for a total transaction of $321,250.00.
  • On Wednesday, November 6th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The shares were sold at an average price of $62.81, for a total transaction of $314,050.00.
  • On Wednesday, October 30th, Peter D’arrigo sold 5,000 shares of Envestnet stock. The stock was sold at an average price of $62.50, for a total transaction of $312,500.00.

Envestnet stock opened at $72.98 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.46 and a current ratio of 0.46. Envestnet Inc has a 52-week low of $49.39 and a 52-week high of $73.94. The firm has a 50 day moving average price of $70.42 and a two-hundred day moving average price of $64.73. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 58.38 and a beta of 1.74.

Envestnet (NYSE:ENV) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. Envestnet had a negative net margin of 2.35% and a positive return on equity of 8.44%. The firm had revenue of $236.08 million during the quarter, compared to analyst estimates of $233.02 million. During the same quarter last year, the business earned $0.53 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. As a group, equities research analysts predict that Envestnet Inc will post 1.33 EPS for the current fiscal year.

ENV has been the subject of several analyst reports. Sandler O’Neill upgraded shares of Envestnet from a “hold” rating to a “buy” rating and raised their price target for the stock from $66.00 to $80.00 in a report on Wednesday, November 27th. DA Davidson raised their price target on shares of Envestnet from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $77.00.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Envestnet by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,491,058 shares of the business services provider’s stock worth $307,053,000 after purchasing an additional 384,026 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Envestnet by 148.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,541,300 shares of the business services provider’s stock worth $87,392,000 after buying an additional 920,535 shares during the period. DF Dent & Co. Inc. grew its position in shares of Envestnet by 0.4% during the 2nd quarter. DF Dent & Co. Inc. now owns 1,187,275 shares of the business services provider’s stock worth $81,174,000 after buying an additional 4,579 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Envestnet by 2.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 938,910 shares of the business services provider’s stock worth $53,236,000 after buying an additional 23,533 shares during the period. Finally, Northern Trust Corp grew its position in shares of Envestnet by 1.4% during the 2nd quarter. Northern Trust Corp now owns 684,203 shares of the business services provider’s stock worth $46,779,000 after buying an additional 9,688 shares during the period. Hedge funds and other institutional investors own 96.21% of the company’s stock.

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 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.

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