Envestnet Inc (NYSE:ENV) CEO Judson Bergman Sells 15,000 Shares

Envestnet Inc (NYSE:ENV) CEO Judson Bergman sold 15,000 shares of Envestnet stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $69.81, for a total value of $1,047,150.00. Following the sale, the chief executive officer now owns 813,323 shares in the company, valued at approximately $56,778,078.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, July 2nd, Judson Bergman sold 7,500 shares of Envestnet stock. The stock was sold at an average price of $68.50, for a total value of $513,750.00.
  • On Tuesday, June 25th, Judson Bergman sold 7,500 shares of Envestnet stock. The stock was sold at an average price of $67.86, for a total value of $508,950.00.
  • On Tuesday, June 18th, Judson Bergman sold 15,000 shares of Envestnet stock. The stock was sold at an average price of $69.91, for a total value of $1,048,650.00.

Shares of ENV opened at $72.74 on Friday. Envestnet Inc has a twelve month low of $46.57 and a twelve month high of $73.22. The firm has a 50 day simple moving average of $68.81. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 58.19, a PEG ratio of 3.13 and a beta of 1.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.03 and a quick ratio of 1.03.

Envestnet (NYSE:ENV) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). Envestnet had a negative net margin of 2.52% and a positive return on equity of 10.28%. The business had revenue of $199.70 million during the quarter, compared to analysts’ expectations of $201.37 million. During the same period in the prior year, the firm posted $0.37 EPS. Envestnet’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts predict that Envestnet Inc will post 1.4 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in ENV. Marshall Wace LLP purchased a new stake in Envestnet in the 1st quarter valued at approximately $50,000. Pittenger & Anderson Inc. boosted its holdings in Envestnet by 37.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 1,375 shares of the business services provider’s stock valued at $90,000 after purchasing an additional 375 shares in the last quarter. Huntington National Bank boosted its holdings in Envestnet by 27.3% in the 1st quarter. Huntington National Bank now owns 1,543 shares of the business services provider’s stock valued at $101,000 after purchasing an additional 331 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Envestnet by 66.9% in the 1st quarter. Advisors Asset Management Inc. now owns 1,974 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 791 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in Envestnet in the 1st quarter valued at approximately $211,000. 93.83% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on ENV. UBS Group raised their price target on Verisk Analytics from $106.00 to $111.00 and gave the stock a “sell” rating in a report on Tuesday, April 9th. Raymond James reissued a “hold” rating on shares of PrairieSky Royalty in a report on Thursday. TheStreet lowered Trade Desk from a “b-” rating to a “c-” rating in a report on Thursday, May 9th. Buckingham Research lowered Envestnet from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a report on Thursday, May 9th. Finally, Zacks Investment Research lowered GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $73.30.

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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