The COO of Envestnet Inc is Exercising Options

By Carrie Williams

Today, the COO of Envestnet Inc, Joshua Mayer, exercised options of Envestnet Inc for $1.6M.

Following Joshua Mayer’s last ENV Sell transaction on December 13, 2017, the stock climbed by 1.2%.

Based on Envestnet Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $176 million and GAAP net loss of $1.32 million. In comparison, last year the company earned revenue of $149 million and had a GAAP net loss of $4.06 million. The company has a one-year high of $55.15 and a one-year low of $30.80. Currently, Envestnet Inc has an average volume of 130.9K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $60.5, reflecting a -14.5% downside.

The insider sentiment on Envestnet Inc has been negative according to 155 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Envestnet, Inc. provides technology-enabled, web-based investment solutions and services to financial advisors. It operates through two segments: Envestnet, and Envestnet/Yodlee. The Envestnet segment engages in providing wealth management software and services to empower financial advisors and institutions.