Envestnet, Inc Common Stock (NYSE:ENV) has been the object of insider selling activity recently. Judson Bergman, CEO reported the sale of 20,000 shares of ENV stock. The shares were purchased at an average price of $38.33. Bergman now owns $24,880,233 of the stock per the Form 4 SEC filing. Scott D. Grinis, CTO disclosed the sale of 12,000 shares of (ENV). The shares were sold on September 23rd for an average price of $39.16. The CTO now owns $8,249,759 of the stock according to the SEC filing.
Today Anil Arora, Director disclosed the sale of 2,520 shares. The shares were purchased at an average price of $40.33. Arora now owns $3,415,709 of the stock per the Form 4 SEC filing.
Here are a few additional firms who have increased or decreased their stake in (ENV). Wolverine Asset Management LLC grew its holdings by buying 17,300 shares an increase of 17,300.0% as of 06/30/2016. Wolverine Asset Management LLC now holds 17,400 shares valued at $579,000. The value of the position overall is up by 5,163.6%. Royal Bank Of Canada cut its stake by selling 2,682 shares a decrease of 88.7% from 12/31/2015 to 06/30/2016. Royal Bank Of Canada currently owns 341 shares with a value of $11,000. The total value of its holdings decreased 87.8%.
Schwab Charles Investment Management Inc expanded its ownership by buying 8,863 shares an increase of 7.2%. Schwab Charles Investment Management Inc claims 131,290 shares worth $4,374,000. The value of the position overall is up by 19.7%. Stifel Financial Corp reduced its position by selling 10,350 shares a decrease of 97.1% in the quarter. Stifel Financial Corp controls 311 shares valued at $11,000. The total value of its holdings decreased 96.2%.
On June 2 the company was changed to a “Buy” in a report from UBS which is up from the previous “Neutral” rating. Equity analyst Jefferies added ENV to its research portfolio with a rating of “Buy” and price target of $48.00.
February 29 investment analysts at JP Morgan held the company rating at “Market Outperform” but lowered the price expectation from $60.00 to $36.00. On February 26 Northland Securities left the company rating at “Outperform” but moved down the price target to $35.00 from $45.00.
On August 11 the stock rating was downgraded to “Market Perform” from “Outperform” in an announcement from Avondale Partners. On July 9, 2015 Northland Securities initiated coverage giving it an initial rating of “Outperform” and a price target of $50.00.
The company is so far trading up from yesterday’s close of $37.63. It is trading at $37.86 a tad under the 50 day moving average which is $38.77 and a tad above the 200 day moving average of $34.08. The 50 day moving average went down $-0.91 or -2.36% and the 200 day average went up $3.78 or +11.08%.
In the latest earnings report the EPS was $-0.49 and is estimated to be $0.99 for the current year with 42,811,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.35 and the next full year EPS is anticipated to be $1.44.