Wealthfront (NASDAQ:WLTH) Director Kenneth Goldman Sells 10,000 Shares

Wealthfront (NASDAQ:WLTH) Director Kenneth Goldman sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the director directly owned 49,655 shares of the company’s stock, valued at approximately $496,550. This represents a 16.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wealthfront Price Performance

Shares of WLTH stock traded down $0.52 during trading hours on Friday, reaching $10.36. 5,714,590 shares of the stock were exchanged, compared to its average volume of 1,562,376. The business’s fifty day moving average is $9.36 and its two-hundred day moving average is $9.62. The firm has a market capitalization of $1.55 billion and a P/E ratio of -11.14. Wealthfront has a 12-month low of $7.20 and a 12-month high of $14.88.

Wealthfront (NASDAQ:WLTH) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Wealthfront had a negative net margin of 19.42% and a negative return on equity of 15.99%. The company had revenue of $91.87 million during the quarter. The company’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts predict that Wealthfront will post 0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Wealthfront from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Wells Fargo & Company cut their price target on Wealthfront from $12.00 to $11.50 and set an “overweight” rating on the stock in a research note on Tuesday, August 4th. Royal Bank Of Canada decreased their price target on Wealthfront from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wealthfront in a research report on Monday, July 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $10.00 target price on shares of Wealthfront in a research report on Thursday. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Key Headlines Impacting Wealthfront

Here are the key news stories impacting Wealthfront this week:

• Positive Sentiment: Wealthfront reported fiscal second-quarter adjusted earnings of $0.10 per share, ahead of the $0.09 consensus estimate, while revenue reached $91.87 million and increased approximately 0.9% year over year. The results initially supported a sharp advance in WLTH shares. Wealthfront Shares Advance After Fiscal Q2 Earnings Fall, Revenue Rises
• Positive Sentiment: Platform assets surpassed $100 billion, a scale milestone that may improve investor confidence in Wealthfront’s ability to attract and retain customer assets. The company also plans to transition customers to a Wealthfront Brokerage Account in October, potentially supporting broader product adoption and monetization. Wealthfront Plans October Transition to Wealthfront Brokerage Account
• Neutral Sentiment: Reported short-interest data showed zero shares sold short and a zero-day days-to-cover ratio, but the disclosure also contained an invalid percentage-change figure. The data therefore offers little reliable insight into trading pressure.
• Negative Sentiment: Quarterly profit declined because of higher expenses, and Wealthfront continues to post a negative net margin and negative return on equity. These profitability concerns may limit the benefit of the earnings beat. Wealthfront Q2 Profit Drops From Higher Expenses
• Negative Sentiment: Johnson Fistel announced an investigation into potential securities claims related to post-IPO disclosures and declines in Wealthfront’s stock. Although no wrongdoing has been established, the investigation adds regulatory and litigation risk. Wealthfront Investor Alert
• Negative Sentiment: Director Kenneth Goldman sold 10,000 shares for $100,000, reducing his position by 16.76%. The sale was made under a pre-arranged Rule 10b5-1 plan, which reduces its value as a discretionary bearish signal but may still affect sentiment.

Institutional Investors Weigh In On Wealthfront

A number of institutional investors and hedge funds have recently bought and sold shares of WLTH. Royal Bank of Canada purchased a new position in shares of Wealthfront during the first quarter worth about $27,000. Sandia Investment Management LP purchased a new stake in shares of Wealthfront in the 4th quarter valued at about $44,000. Strs Ohio purchased a new stake in shares of Wealthfront in the 1st quarter valued at about $56,000. Squarepoint Ops LLC acquired a new stake in shares of Wealthfront in the 2nd quarter valued at about $90,000. Finally, Arizona State Retirement System purchased a new position in Wealthfront during the 2nd quarter worth approximately $102,000.

About Wealthfront

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.