Envestnet, Inc. (ENV): Anil Arora , director of Envestnet, Inc. sold 3,150 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $37.50 per share for a total value of $118,125.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 3, 2016, Anil Arora (director) sold 5,250 shares at $35.31 per share price.On Jun 2, 2016, Shelly O’brien (Chief Legal Officer) sold 8,000 shares at $34.13 per share price.Also, 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.
Shares of Envestnet Inc (ENV) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -0.64 points or -1.72% at $36.67 with 2,08,906 shares getting traded. Post opening the session at $37.4, the shares hit an intraday low of $36.42 and an intraday high of $37.4 and the price vacillated in this range throughout the day. The company has a market cap of $1,566 M and the number of outstanding shares has been calculated to be 4,26,93,455 shares. The 52-week high of Envestnet Inc is $46.45 and the 52-week low is $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.