Financial Engines CEO Sells $697,350 in Stock (FNGN)

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Financial Engines (NASDAQ:FNGN) CEO Jeffrey Nacey Maggioncalda sold 15,000 shares of the company’s stock on the open market in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $46.49, for a total transaction of $697,350.00. Following the completion of the sale, the chief executive officer now directly owns 220,677 shares of the company’s stock, valued at approximately $10,259,274. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Financial Engines (NASDAQ:FNGN) opened at 49.63 on Thursday. Financial Engines has a 52 week low of $33.39 and a 52 week high of $71.08. The stock’s 50-day moving average is $55.1 and its 200-day moving average is $60.29. The company has a market cap of $2.531 billion and a price-to-earnings ratio of 82.65.

Financial Engines (NASDAQ:FNGN) last released its earnings data on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.01. The company had revenue of $65.20 million for the quarter, compared to the consensus estimate of $65.86 million. Analysts expect that Financial Engines will post $0.94 EPS for the current fiscal year.

Separately, analysts at Needham & Company LLC raised their price target on shares of Financial Engines from $60.00 to $66.00 in a research note on Friday, February 21st.

Financial Engines, Inc (NASDAQ:FNGN) is a provider of portfolio management services, investment advice and retirement income services to participants in employer-sponsored defined contribution plans, such as 401(k) plans.

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