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

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

Wealthfront Price Performance

Shares of WLTH stock opened at $10.38 on Friday. Wealthfront has a one year low of $7.20 and a one year high of $14.88. The company’s fifty day moving average price is $9.39 and its 200-day moving average price is $9.63. The company has a market capitalization of $1.55 billion and a price-to-earnings ratio of -11.16.

Wealthfront (NASDAQ:WLTH) last issued its earnings results on Wednesday, September 9th. The company reported $0.10 earnings per share 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 15.99%. The company had revenue of $91.87 million during the quarter. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts expect that Wealthfront will post 0.4 earnings per share for the current fiscal year.

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.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WLTH. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of Wealthfront in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on Wealthfront from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, June 5th. Wall Street Zen upgraded Wealthfront from a “sell” rating to a “hold” rating in a research note on Saturday, July 18th. Keefe, Bruyette & Woods cut their price objective on shares of Wealthfront from $11.00 to $10.50 and set a “market perform” rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Wealthfront in a research report on Monday, July 6th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WLTH. Royal Bank of Canada bought a new stake in Wealthfront in the first quarter worth $27,000. Sandia Investment Management LP purchased a new position in shares of Wealthfront in the 4th quarter worth $44,000. Strs Ohio purchased a new position in shares of Wealthfront in the 1st quarter worth $56,000. Barclays PLC bought a new stake in shares of Wealthfront in the 4th quarter worth about $136,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Wealthfront during the 2nd quarter valued at about $90,000.

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.