Here’s Who Just Picked Up Envestnet Inc. (NYSE:ENV) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Envestnet Inc. (NYSE:ENV) reported that Wellington Management Group Llp. has picked up 822,818 of common stock as of 2017-05-09.

The acquisition brings the aggregate amount owned by Wellington Management Group Llp. to a total of 822,818 representing less than 1.88% stake in the company.

For those not familiar with the company, Envestnet, Inc. is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions. Its Envestnet Yodlee segment is a data aggregation and data analytics platform. Its services and related technology are provided through Envestnet’s wealth management software, Envestnet PMC, Envestnet Tamarac, Vantage Reporting Solution, Envestnet WMS, Envestnet Placemark, Envestnet Retirement Solutions, Envestnet Yodlee and Envestnet Finance Logix. It operates Registered Investment Advisors (RIAs) and a registered broker-dealer. Its centrally-hosted technology platform services include risk assessment and selection of investment strategies and solutions, asset allocation models, and research and due diligence.

A glance at Envestnet Inc. (NYSE:ENV)’s key stats reveals a current market capitalization of 1.57 Billion based on 43.64 Million shares outstanding and a price at last close of $35.85 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-31, Bergman picked up 1,000 at a purchase price of $32.40. This brings their total   holding to 666,259 as of the date of the filing.

On the sell side, the most recent transaction saw O’brien unload 2,000 shares at a sale price of $34.85. This brings their total holding to 10,751.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Envestnet Inc. (NYSE:ENV) as things move forward to see if its progress aligns with these transactions.

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