Envestnet, Inc. (ENV): Judson Bergman , Chief Executive Officer of Envestnet, Inc. sold 20,000 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 27, 2016 to the Securities and Exchange Commission. The shares were sold at $38.33 per share for a total value of $766,600.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Shelly O’brien (Chief Legal Officer) sold 5,500 shares at $39.83 per share price.On Sep 6, 2016, Anil Arora (director) sold 2,520 shares at $40.33 per share price.Also, On Aug 11, 2016, Charles Roame (director) purchased 238 shares at $37.58 per share price.On Dec 30, 2015, Brandon Thomas (Chief Investment Officer) sold 62,000 shares at $30.51 per share price.
Envestnet Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in Envestnet Inc which led to swings in the share price. The shares opened for trading at $38.4 and hit $39.82 on the upside , eventually ending the session at $39.77, with a gain of 3.73% or 1.43 points. The heightened volatility saw the trading volume jump to 2,76,515 shares. The 52-week high of the share price is $41.47 and the company has a market cap of $1,703 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 Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $37 .The Rating was issued on Aug 9, 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.