Alan Imberman Sells 76,540 Shares of Wealthfront (NASDAQ:WLTH) Stock

Wealthfront (NASDAQ:WLTH) CFO Alan Imberman sold 76,540 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $10.10, for a total value of $773,054.00. Following the completion of the transaction, the chief financial officer owned 396,970 shares in the company, valued at approximately $4,009,397. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alan Imberman also recently made the following trade(s):

• On Wednesday, September 16th, Alan Imberman sold 6,292 shares of Wealthfront stock. The stock was sold at an average price of $10.19, for a total value of $64,115.48.
• On Tuesday, September 15th, Alan Imberman sold 20,304 shares of Wealthfront stock. The shares were sold at an average price of $10.73, for a total value of $217,861.92.

Wealthfront Price Performance

NASDAQ WLTH remained flat at $10.10 on Friday. The company had a trading volume of 16,620,451 shares, compared to its average volume of 1,690,857. The stock has a market capitalization of $1.58 billion and a PE ratio of -10.86. The business has a 50-day moving average price of $9.48 and a two-hundred day moving average price of $9.70. Wealthfront has a twelve month low of $7.20 and a twelve month high of $14.88.

Wealthfront (NASDAQ:WLTH) last posted its earnings results on Wednesday, September 9th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Wealthfront had a negative net margin of 19.42% and a negative return on equity of 14.62%. The firm had revenue of $91.87 million during the quarter. The company’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts predict that Wealthfront will post 0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Wealthfront

Institutional investors have recently bought and sold shares of the company. Index Venture Associates VI Ltd purchased a new stake in Wealthfront in the fourth quarter worth $128,567,000. BlackRock Inc. purchased a new position in shares of Wealthfront during the 2nd quarter valued at $74,766,000. North Reef Capital Management LP grew its stake in shares of Wealthfront by 135.2% during the 1st quarter. North Reef Capital Management LP now owns 2,885,257 shares of the company’s stock worth $26,689,000 after acquiring an additional 1,658,624 shares during the period. Ieq Capital LLC purchased a new stake in Wealthfront in the 2nd quarter worth about $24,706,000. Finally, Southpoint Capital Advisors LP bought a new stake in Wealthfront in the 1st quarter valued at about $12,950,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WLTH shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Wealthfront in a report on Thursday, September 10th. Keefe, Bruyette & Woods cut their price objective on Wealthfront from $11.00 to $10.50 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company reduced their price objective on Wealthfront from $12.00 to $11.50 and set an “overweight” rating for the company in a research note on Tuesday, August 4th. Royal Bank Of Canada decreased their target price on Wealthfront from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, September 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Wealthfront in a report on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Wealthfront presently has an average rating of “Hold” and a consensus target price of $12.00.

Wealthfront News Roundup

Here are the key news stories impacting Wealthfront this week:

• Positive Sentiment: Platform assets increased 12% year over year to $99 billion in the fiscal second quarter and exceeded $100 billion by the end of August. Funded clients rose 14% to 1.51 million, supporting the long-term growth outlook. Wealthfront platform assets article
• Positive Sentiment: Wealthfront reported quarterly EPS of $0.10, beating the $0.09 consensus estimate, while revenue reached $91.87 million. Analysts expect approximately $0.41 in full-year EPS.
• Positive Sentiment: Institutional interest provides an additional supportive signal. Index Venture Associates and BlackRock established sizable positions, while North Reef Capital increased its stake by 135.2%.
• Neutral Sentiment: Growth in assets and clients has not yet translated into comparable financial expansion: quarterly revenue increased only about 1% year over year. Wealthfront also reported a negative net margin of 19.42% and negative return on equity of 14.62%, keeping profitability a key investor concern.
• Neutral Sentiment: Analyst opinion remains mixed. Goldman Sachs maintained a neutral rating with a $10 price target, while RBC, Wells Fargo and other firms lowered targets but generally retained positive ratings. The overall consensus is “Hold,” with an average target near $12.
• Negative Sentiment: Insiders disclosed approximately $1.34 million of combined stock sales, including transactions by the CFO, CTO, vice presidents, Lauren Lin and a director. The selling may weigh on sentiment, although the reported transactions were primarily made to cover tax withholding on vested equity awards, and one director’s sale occurred under a pre-arranged Rule 10b5-1 plan. Wealthfront insider sales article

Wealthfront Company Profile

Wealthfront, Inc is a U.S.-based digital wealth management company that provides automated investing, financial planning and cash management services through an online platform and mobile applications. The company is designed to help individuals manage their finances with technology-driven tools and diversified investment portfolios.

Its offerings have included automated investment accounts, tax-efficient portfolio management, financial planning tools, high-yield cash management products and lending services.