There has been some selling insider activity on Envestnet, Inc Common Stock (NYSE:ENV) recently. CEO Judson Bergman let go of 20,000 shares at an average price of $38.33 on September 26th. The CEO now owns $24,880,233 of the stock per an SEC filing yesterday. Scott D. Grinis, CTO sold $469,920 worth of shares at an average price of $39.16 on Fri the 23rd. That brings Grinis’s holdings to $8,249,759 as recorded in a recent Form 4 SEC filing.
Today Anil Arora, Director disclosed the sale of 2,520 shares of ENV stock. The shares were sold on September 2nd for an average price of $40.33. The Director now owns $3,415,709 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (ENV). Wolverine Asset Management LLC expanded its holdings by buying 17,300 shares an increase of 17,300.0%. Wolverine Asset Management LLC now controls 17,400 shares worth $579,000. The value of the position overall is up by 5,163.6%. As of quarter end Royal Bank Of Canada had disposed of a total of 2,682 shares trimming its stake by 88.7%. The value of the investment in ENV decreased from $90,000 to $11,000 a change of 87.8% for the reporting period.
Schwab Charles Investment Management Inc grew its position by buying 8,863 shares an increase of 7.2% in the quarter. Schwab Charles Investment Management Inc currently owns 131,290 shares valued at $4,374,000. The total value of its holdings increased 19.7%. As of the end of the quarter Stifel Financial Corp had sold 10,350 shares trimming its position 97.1%. The value in dollars went from $290,000 to $11,000 decreasing 96.2% since the last quarter.
On June 2 the company was rated “Buy” by UBS which was a boost from the previous “Neutral” rating. Jefferies began coverage with an initial rating of “Buy” and a price target of $48.00.
On February 29 JP Morgan maintained a stock rating of “Market Outperform” but moved down the price target from $60.00 to $36.00. February 26 investment analysts at Northland Securities held the company rating at “Outperform” and lowered the price expectation to $35.00 from $45.00.
On August 11, 2015 the stock rating was changed to a “Market Perform” in a report from Avondale Partners a cut from the previous “Outperform” rating. Equity analyst Northland Securities started covering the stock setting a rating of “Outperform” and projecting a price target of $50.00.
The company is trading up since yesterday’s close of $37.63. Shares of the company are trading at $37.86 just below $38.77, the stock’s 50 day moving average and a tad above the 200 day moving average of $34.08. The 50 day moving average was down $-0.91 and the 200 day average moved up $3.78.
In the latest earnings report the EPS was $-0.49 and is expected to be $0.99 for the current year with 42,811,000 shares outstanding. Next quarter’s EPS is forecasted at $0.35 and the next full year EPS is anticipated to be $1.44.