Brandon Thomas Insider Sell
The Envestnet Inc’s Chief Investment Officer, Brandon Thomas, the well informed man unloaded - 6,775 Envestnet Inc’s shares, based on the avg market share price of $30.0 for share. The reported insider shares now has a value of approximately $203,323 U.S Dollars. Mr. Brandon at the moment has rights to 244,359 shares, accounting for 0.69% of the Company’s market cap.
Envestnet Inc Sentiment and Fundamentals
The ten top financial analysts reporting on the stock predict $0.99/share earnings for 2015. This gives the company a price to earnings ratio of 30.14. The percentage earnings for each share growth rate Year-Over-Year is expected to be 25.00% or less. It is difficult to make conclusions about Envestnet Inc’s future just from Brandon Thomas’s sale because in this filing, the insider also revealed option transactions. In the form, it was reported that Brandon exercised options for 12,142 shares with average price 5.0, worth 60,710.
Envestnet Inc has had its share price going down by 36.45% in the last 200 days alone, and its continuing to be on a weak downtrend. In accordance with OctaFinance’s advanced trend-following model, we can undisputedly rate it a “SELL” alike Brandon’s up-to-date knowledge.
The filing was unveiled in a filing dated 30-09-2015 with the SEC.
Institutional Ownership
Review of 13F SEC filings show that 140 hedge funds own Envestnet Inc. The institutional ownership of the firm in Q2 2015 is high, at 93.43% of the shares outstanding. Its down 2.19% from previous quarter. These stock owners decreased the total shares they own by 745,978 to 33.26 million this quarter. A total of 36 funds opened new positions in Envestnet Inc and 57 increased their holdings. There were 25 funds that closed their positions and 41 that reduced them.
Geneva Advisors Llc is the most bullish institutional investor on Envestnet Inc, with ownership of 19,929 shares as of Q2 2015 for 0.01% of the fund’s portfolio. Ranger Investment Management L.P. is another bullish player having 828,453 shares of the company or 1.63% of their stocks portfolio. The stock is also 1.55% of the fund’s AUM. Summit Creek Advisors Llc have 1.51% of their stock portfolio invested in the stock for 262,683 shares. Further, Hanlon Investment Management Inc. revealed it had acquired a stake worth 6.06% of the fund’s stock portfolio in the company. Brian C. Freckmann’s Lyon Street Capital Llc was also a big supporter of the company’s stock, possessing 53,816 shares. Envestnet Inc is 1.56% of the fund’s stock portfolio.
Envestnet NYSE:ENV Company Profile
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.
Company Website: Envestnet
The firm has 1257 employees. Currently its market cap is: $1.07 billion and it has 35.48 million outstanding shares. Now the company has 98.60% shareholders and the institutional ownership is 98.60%. Envestnet Inc was founded in Delaware on 2004-02-11. The stock closed at $29.969999 yesterday and it had average 2 days volume of 135441 shares. It is up from the 30 days average shares volume of 123927. Envestnet Inc has a one year low of $28.51 and a 52weeks high of $58.17. The current price is below the 200 days simple moving average. Envestnet Inc last issued its quarterly earnings stats on 08/10/2015. The company reported 0.18 EPS for the quarter, above the consensus estimate of 0.17 by 0.01. The company had a revenue of 102.66 million for 6/30/2015 and 96.45 million for 3/31/2015. Therefore, the revenue was 6.21 million up.
* A total of 32 - 500 options were granted on 11/14/2005. 12 - 142 options were vested and exercisable as of 9/29/2015.
* Open market exercise of an Envestnet - Inc. stock option by means of a cashless-sell-to-cover method (selling enough shares to cover option share purchase price - fee and taxes - then retaining the remaining shares).
* Represents shares held by a trust in which Mr. Thomas is the trustee.
* Original option grant vests in four installments beginning on the first date of grant and thereafter on the first anniversary of the date of grant as listed in the “Date Exercisable” column.
* Original option grant vests in three installments beginning on the first anniversary of the date of grant as listed in the “Date Exercisable” column.
* Original option grant vests in four installments beginning on the first anniversary of the date of grant as listed in the “Date Exercisable” column.
* Each restricted stock award is the economic equivalent of one share of Envestnet - Inc. Common Stock
* Each restricted stock award represents the contingent right to receive one share of common stock upon vesting of the unit.
* This restricted stock award vests in three installments beginning on the first anniversary of the date of the grant of restricted stock.
