Kal Iyer Sells 10,408 Shares of Wealthfront (NASDAQ:WLTH) Stock

by · The Cerbat Gem

Wealthfront (NASDAQ:WLTH – Get Free Report) VP Kal Iyer sold 10,408 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $10.19, for a total value of $106,057.52. Following the sale, the vice president directly owned 259,232 shares of the company’s stock, valued at approximately $2,641,574.08. This represents a 3.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kal Iyer also recently made the following trade(s):

  • On Thursday, September 17th, Kal Iyer sold 26,738 shares of Wealthfront stock. The shares were sold at an average price of $10.11, for a total transaction of $270,321.18.
  • On Tuesday, September 15th, Kal Iyer sold 33,583 shares of Wealthfront stock. The stock was sold at an average price of $10.73, for a total transaction of $360,345.59.

Wealthfront Price Performance

NASDAQ WLTH opened at $10.10 on Friday. The stock has a market capitalization of $1.58 billion and a P/E ratio of -10.86. Wealthfront has a 52-week low of $7.20 and a 52-week high of $14.88. The firm has a 50-day moving average price of $9.49 and a 200 day moving average price of $9.71.

Wealthfront (NASDAQ:WLTH – Get Free Report) last released 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. The company had revenue of $91.87 million for the quarter. Wealthfront had a negative return on equity of 14.62% and a negative net margin of 19.42%.The company’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities research analysts expect that Wealthfront will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of Wealthfront

A number of hedge funds have recently added to or reduced their stakes in the business. Index Venture Associates VI Ltd purchased a new position in shares of Wealthfront during the 4th quarter worth about $128,567,000. BlackRock Inc. acquired a new position in Wealthfront during the second quarter worth approximately $74,766,000. North Reef Capital Management LP raised its stake in Wealthfront by 135.2% during the first quarter. North Reef Capital Management LP now owns 2,885,257 shares of the company’s stock worth $26,689,000 after purchasing an additional 1,658,624 shares during the period. Ieq Capital LLC acquired a new position in shares of Wealthfront in the 2nd quarter valued at $24,706,000. Finally, Southpoint Capital Advisors LP purchased a new stake in shares of Wealthfront during the 1st quarter valued at $12,950,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on WLTH. Wells Fargo & Company lowered their price target on shares of 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 cut their price objective on Wealthfront from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, September 10th. The Goldman Sachs Group restated a “neutral” rating and issued a $10.00 target price on shares of Wealthfront in a report on Thursday, September 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Wealthfront in a research note on Monday, July 6th. Finally, Wall Street Zen upgraded shares of Wealthfront from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Wealthfront currently has an average rating of “Hold” and an average price target of $12.00.

Read Our Latest Stock Analysis on Wealthfront

Trending Headlines about Wealthfront

Here are the key news stories impacting Wealthfront this week:

  • Positive Sentiment: Wealthfront’s platform assets increased 12% year over year to $99 billion in the second quarter and exceeded $100 billion by the end of August. Funded clients rose 14% to 1.51 million, supporting the company’s long-term growth story. Wealthfront Tops $100 Billion in Platform Assets
  • Positive Sentiment: Recent quarterly earnings modestly exceeded expectations, with adjusted earnings of $0.10 per share versus the $0.09 consensus and revenue of $91.87 million. Institutional interest also remains notable, with new or increased positions reported by firms including Index Ventures, BlackRock and North Reef Capital.
  • Neutral Sentiment: Growth in assets and clients has not yet translated into strong financial expansion: revenue rose only about 1% year over year, while Wealthfront continues to report a negative net margin of 19.42% and negative return on equity of 14.62%. Investors are likely focused on whether scale can improve profitability.
  • Neutral Sentiment: Analyst views remain cautious. Goldman Sachs maintained a neutral rating with a $10 target, while RBC lowered its target to $11 but retained an outperform rating. The broader consensus is “Hold,” with an average target near $12, suggesting limited near-term conviction.
  • Negative Sentiment: Multiple insiders sold shares, including CFO Alan Imberman, CTO Julien Wetterwald, VP Kal Iyer and insider Lauren Lin. The latest reported transactions totaled roughly $1.35 million, including the CFO’s sale of 76,540 shares and the VP’s sale of 26,738 shares. These sales may pressure sentiment, although the transactions were conducted under pre-arranged Rule 10b5-1 plans. Wealthfront Insider Sales
  • Negative Sentiment: Additional insider sales over the preceding days were primarily disclosed as transactions to cover tax withholding obligations tied to vested equity awards. While less bearish than discretionary selling, the repeated selling pattern remains a potential overhang for WLTH.

Wealthfront Company Profile

(Get Free Report)

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.

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