Insider Selling: ELLIE MAE EVP Unloads 22,916 Shares of Stock (ELLI)
ELLIE MAE (NASDAQ:ELLI) EVP Limin Hu sold 22,916 shares of the stock on the open market in a transaction dated Monday, October 7th. The stock was sold at an average price of $32.45, for a total transaction of $743,624.20. Following the sale, the executive vice president now directly owns 385,510 shares of the company’s stock, valued at approximately $12,509,800. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of ELLIE MAE (NASDAQ:ELLI) traded up 0.26% during mid-day trading on Wednesday, hitting $31.23. 498,554 shares of the company’s stock traded hands. ELLIE MAE has a 52 week low of $18.61 and a 52 week high of $33.24. The stock has a 50-day moving average of $30.56 and a 200-day moving average of $25.9. The company has a market cap of $826.6 million and a P/E ratio of 47.92.
ELLIE MAE (NASDAQ:ELLI) last released its earnings data on Thursday, August 1st. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.29. The company had revenue of $34.30 million for the quarter, compared to the consensus estimate of $33.90 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 45.3% on a year-over-year basis. Analysts expect that ELLIE MAE will post $1.10 EPS for the current fiscal year.
A number of analysts have recently weighed in on ELLI shares. Analysts at Maxim Group reiterated a “buy” rating on shares of ELLIE MAE in a research note to investors on Monday, September 23rd. They now have a $37.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of ELLIE MAE from $35.00 to $37.00 in a research note to investors on Monday, September 23rd. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.43.
Ellie Mae, Inc is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a software-as-a-service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management.
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