Envestnet Inc.’s recent filing unveils that its Principal Accounting Officer Majoros Matthew unloaded Company’s shares for reported $39844.0 on Mar 25 ’24. In the deal valued at $56.92 per share,700 shares were sold. As a result of this transaction, Majoros Matthew now holds 15,212 shares worth roughly $0.91 million.
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Then, Wolfe Lauren Taylor bought 1,670 shares, generating $88,493 in total proceeds. Upon buying the shares at $52.99, the Director now owns 4,188,871 shares.
Before that, Wolfe Lauren Taylor bought 21,761 shares. Envestnet Inc. shares valued at $1,145,064 were divested by the Director at a price of $52.62 per share. As a result of the transaction, Wolfe Lauren Taylor now holds 4,183,729 shares, worth roughly $250.77 million.
Jefferies upgraded its Envestnet Inc. [ENV] rating to a Hold from a an Underperform in a research note published on May 08, 2024; the price target was increased to $59 from $47. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “a Strong buy” to “an Outperform”. DA Davidson revised its rating on February 25, 2022. It rated ENV as “a Buy” which previously was an “a Neutral”.
Price Performance Review of ENV
On Friday, Envestnet Inc. [NYSE:ENV] saw its stock fall -1.12% to $59.94. Over the last five days, the stock has lost -6.74%. Envestnet Inc. shares have risen nearly 21.04% since the year began. Nevertheless, the stocks have risen 10.49% over the past one year. While a 52-week high of $73.04 was reached on 05/23/24, a 52-week low of $33.12 was recorded on 01/08/24. SMA at 50 days reached $63.48, while 200 days put it at $51.28. A total of 0.52 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For ENV Stock
The 24-hour chart illustrates a support level at 59.00, which if violated will result in even more drops to 58.07. On the upside, there is a resistance level at 60.79. A further resistance level may holdings at 61.65. The Relative Strength Index (RSI) on the 14-day chart is 30.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.48%. Stochastics %K at 6.93% indicates the stock is a buying.
