Today it was reported that the CAO of Envestnet Inc (ENV), Matthew Majoros, exercised options to sell 3,500 ENV shares at $9.63 a share, for a total transaction value of $233.7K.
Following Matthew Majoros’ last ENV Sell transaction on September 01, 2017, the stock climbed by 22.5%. In addition to Matthew Majoros, 2 other ENV executives reported Sell trades in the last month.
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Based on Envestnet Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $210 million and quarterly net profit of $223K. In comparison, last year the company earned revenue of $183 million and had a net profit of $17.65 million. ENV’s market cap is $3.21B and the company has a P/E ratio of 570.80. Currently, Envestnet Inc has an average volume of 241.8K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $66.17, reflecting a 1.3% upside.
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Envestnet, Inc. engages in the provision of intelligent systems for wealth management and financial wellness. It operates through the Envestnet and Envestnet/Yodlee business segments. The Envestnet segment provides wealth management software and services to empower financial advisors and institutions.
