The CTO of Envestnet Inc is Exercising Options


Today it was reported that the CTO of Envestnet Inc (ENV), Scott Grinis, exercised options to sell 10,000 ENV shares at $9.00 a share, for a total transaction value of $652K.

In addition to Scott Grinis, 4 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 $3.08B and the company has a P/E ratio of 548.12. Currently, Envestnet Inc has an average volume of 219.1K.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $66.17, reflecting a 2.4% upside.

In the last 30 days, insiders have sold $3.49M worth of ENV shares and purchased $225K worth of ENV shares. The insider sentiment on Envestnet Inc has been negative according to 144 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.

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