Financial Engines, Inc. (FNGN) Files Form 4 Insider Selling : Lawrence M. Raffone Sells 18,667 Shares

Financial Engines, Inc. (FNGN): Lawrence M. Raffone , CEO & President of Financial Engines, Inc. sold 18,667 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $31.79 per share for a total value of $593,431.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Paul Gamble (EVP, Distrib & Inst Services) sold 3,825 shares at $32.66 per share price.On Apr 22, 2016, Michael Jerome Campbell (EVP, Technology) sold 5,551 shares at $33.40 per share price.Also, On Nov 23, 2015, Anne Tuttle Cappel (EVP, General Counsel) sold 1,032 shares at $34.45 per share price.On Aug 21, 2015, Joseph Grundfest (director) sold 5,500 shares at $34.89 per share price.

Shares of Financial Engines Inc (FNGN) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.36 points or -1.12% at $31.85 with 3,18,042 shares getting traded. Post opening the session at $32.38, the shares hit an intraday low of $31.55 and an intraday high of $32.38 and the price vacillated in this range throughout the day. The company has a market cap of $1,647 M and the number of outstanding shares has been calculated to be 5,16,99,398 shares. The 52-week high of Financial Engines Inc is $46.34 and the 52-week low is $23.22.

Financial Engines Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Financial Engines Inc is Initiated by Northland Capital to Outperform and the brokerage firm has set the Price Target at $34. The Rating was issued on Mar 15, 2016.Financial Engines Inc is Reiterated by Jefferies to Buy while Lowering the Price Target of the company shares to $ 34 from a previous price target of $41 . The Rating was issued on Feb 16, 2016.

Financial Engines Inc. is a provider of independent technology-enabled portfolio management services investment advice and retirement income services to participants in employer-sponsored defined contribution plans such as 401(k) plans. The Company offers personalized plans for saving investing and generating retirement income as well as by providing assessments of retirement income needs and readiness. Its services include professional management online advice retirement evaluation and social security. Its Professional Management is a discretionary managed account service designed for plan participants. Its Financial Engines Income+ is a feature of Professional Management that manages portfolios to generate income and calculates and facilitates the potential payment of steady recurring payouts from those portfolios in retirement for plans where Income+ is available. Its Online Advice service is a nondiscretionary Internet-based service designed for plan participants.

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