Trade Report: The Envestnet Inc. (ENV) CEO Judson Bergman Sold 7,541 Shares

The Envestnet Inc. (ENV) CEO Judson Bergman Sold 7,541 Shares

Envestnet Inc. (NYSE:ENV) CEO Judson Bergman sold 7,541 shares of Envestnet stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $36.95, for a total value of $278,639.95. Following the sale, the chief executive officer now directly owns 656,635 shares of the company’s stock, valued at $24,262,663.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Judson Bergman also recently made the following trade(s): On Monday, October 3rd, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $36.28, for a total value of $725,600.00. On Monday, September 26th, Judson Bergman sold 20,000 shares of Envestnet stock. The stock was sold at an average price of $38.33, for a total value of $766,600.00.

Envestnet Inc. (NYSE:ENV) opened at 36.45 on Thursday. Envestnet Inc. has a 52 week low of $19.30 and a 52 week high of $41.47. The company’s market cap is $1.56 billion. The stock has a 50 day moving average price of $38.08 and a 200 day moving average price of $34.97.

Envestnet (NYSE:ENV) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $141.70 million for the quarter, compared to analysts’ expectations of $139.12 million. Envestnet had a negative net margin of 3.95% and a positive return on equity of 4.20%. The business’s quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, equities analysts forecast that Envestnet Inc. will post $0.99 earnings per share for the current year.

Several research firms recently weighed in on ENV. RBC Capital Markets reissued a “sector perform” rating and set a $40.00 price target (up from $37.00) on shares of Envestnet in a report on Wednesday, August 10th. Jefferies Group set a $48.00 price objective on Envestnet and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Zacks Investment Research lowered Envestnet from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Royal Bank Of Canada raised their price objective on Envestnet from $37.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, JMP Securities restated a “buy” rating and set a $9.50 price objective (down previously from $36.00) on shares of Envestnet in a research note on Thursday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.19.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ENV. Swiss National Bank boosted its position in Envestnet by 1.8% in the second quarter. Swiss National Bank now owns 63,100 shares of the company’s stock valued at $2,102,000 after buying an additional 1,100 shares during the last quarter. California State Teachers Retirement System boosted its position in Envestnet by 5.9% in the second quarter. California State Teachers Retirement System now owns 86,878 shares of the company’s stock valued at $2,894,000 after buying an additional 4,813 shares during the last quarter. Henderson Group PLC boosted its position in Envestnet by 57.6% in the second quarter. Henderson Group PLC now owns 509,319 shares of the company’s stock valued at $16,965,000 after buying an additional 186,072 shares during the last quarter. 1st Global Advisors Inc. purchased a new position in Envestnet during the second quarter valued at $214,000. Finally, Van Berkom & Associates Inc. boosted its position in Envestnet by 95.0% in the second quarter. Van Berkom & Associates Inc. now owns 736,303 shares of the company’s stock valued at $24,526,000 after buying an additional 358,661 shares during the last quarter.

Envestnet Company Profile

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