Envestnet, Inc. (ENV): Shelly O’brien , Chief Legal Officer of Envestnet, Inc. sold 8,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 2, 2016 to the Securities and Exchange Commission. The shares were sold at $34.13 per share for a total value of $270,865.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Charles Roame (director) purchased 3,428 shares at $31.69 per share price.On Dec 30, 2015, Brandon Thomas (Chief Investment Officer) sold 62,000 shares at $30.51 per share price.Also, On Dec 11, 2015, Shelly O’brien (Chief Legal Officer) sold 5,000 shares at $30.59 per share price.On Dec 2, 2015, Anil Arora (director) sold 10,000 shares at $32.50 per share price.
Envestnet Inc: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Envestnet Inc which led to swings in the share price. The shares opened for trading at $33.59 and hit $34.03 on the upside , eventually ending the session at $33.96, with a gain of 0.50% or 0.17 points. The heightened volatility saw the trading volume jump to 2,92,494 shares. The 52-week high of the share price is $46.45 and the company has a market cap of $1,450 M . The 52-week low of the share price is at $19.3.
Company has been under the radar of several Street Analysts.Envestnet Inc is Upgraded by UBS to Buy and the brokerage firm has raised the Price Target to $ 44 from a previous price target of $33 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 2, 2016.Envestnet Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $26 .The Rating was issued on May 9, 2016.Envestnet Inc is Reiterated by Stifel to Buy while Lowering the Price Target of the company shares to $ 40 from a previous price target of $56 . The Rating was issued on Apr 8, 2016.Envestnet Inc is Initiated by Jefferies to Buy and the brokerage firm has set the Price Target at $48. The Rating was issued on Mar 24, 2016.
Envestnet Inc. (Envestnet) provides wealth management software and services to financial advisors and institutions. The Company works with Independent Registered Investment Advisors and advisors associated with financial institutions. The Company’s technology platform services include risk assessment and selection of investment strategies and solutions asset allocation models research and due diligence portfolio construction proposal generation and paperwork preparation model management and account rebalancing account monitoring customized fee billing overlay services covering asset allocation tax management and socially responsible investing aggregated multi-custodian performance reporting and communication tools as well as access to a wide range of leading third-party asset custodians. The product and services of the Company include: Envestnet’s wealth management software Envestnet PMC Envestnet Tamarac Vantage Reporting Solution Envestnet WMS and Envestnet Placemark.