In a filing, Envestnet Inc. revealed 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 $0.95 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 $261.82 million.
DA Davidson downgraded its Envestnet Inc. [ENV] rating to a Neutral from a a Buy in a research note published on July 18, 2024; the price target was decreased to $63 from $78. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early May from “an Underperform” to “a Hold”. Raymond James also remained covering ENV and has decreased its forecast on January 06, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating.
Price Performance Review of ENV
On Monday, Envestnet Inc. [NYSE:ENV] saw its stock fall -0.06% to $62.58. Over the last five days, the stock has lost -0.32%. Envestnet Inc. shares have risen nearly 26.37% since the year began. Nevertheless, the stocks have risen 21.49% 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 $62.31, while 200 days put it at $57.52.
Levels Of Support And Resistance For ENV Stock
The 24-hour chart illustrates a support level at 62.52, which if violated will result in even more drops to 62.46. On the upside, there is a resistance level at 62.67. A further resistance level may holdings at 62.76. The Relative Strength Index (RSI) on the 14-day chart is 48.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.29%. Stochastics %K at 33.63% indicates the stock is a holding.
How much short interest is there in Envestnet Inc.?
A steep rise in short interest was recorded in Envestnet Inc. stocks on 2024-08-30, growing by 0.27 million shares to a total of 2.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.66 million shares. There was a rise of 9.33%, which implies that there is a positive sentiment for the stock.
