The President of Envestnet Inc is Exercising Options

Today it was reported that the President of Envestnet Inc (NYSE: ENV), William Crager, exercised options to sell 12,000 ENV shares at $7.15 a share, for a total transaction value of $731.9K.

Following William Crager’s last ENV Sell transaction on April 05, 2017, the stock climbed by 28.0%. In addition to William Crager, one other ENV executive reported Sell trades in the last month.

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Based on Envestnet Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $201 million and GAAP net loss of $5.53 million. In comparison, last year the company earned revenue of $167 million and had a GAAP net loss of $6.47 million. ENV’s market cap is $2.76B and the company has a P/E ratio of 152. Currently, Envestnet Inc has an average volume of 192.4K.

Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $62.33, reflecting a 2.3% upside.

The insider sentiment on Envestnet Inc has been negative according to 158 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

William Crager’s trades have generated a -29.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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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.