Envestnet Inc

ENV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$67.00	Bqctmf	Plphvvm

Envestnet: CEO Bill Crager to Step Down, Maintaining Our Fair Value Estimate of $48

Rajiv Bhatia

Jan 8, 2024

Amid languishing stock performance, Bill Crager announced he will step down as Envestnet CEO at the end of March 2024. The news comes as Envestnet has seen meaningful changes in its management and board in recent years. In our view, the news does not change the likelihood that Envestnet sells itself, which we see as more dependent on market sentiment and financing conditions. We will maintain our narrow moat rating and $48 fair value estimate on Envestnet’s shares and regard shares as fairly valued.

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