Insider Selling: Sigmund Anderman Sells 10,000 Shares of ELLIE MAE Stock (ELLI)
ELLIE MAE (NASDAQ:ELLI) CEO Sigmund Anderman sold 10,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $25.82, for a total value of $258,200.00. Following the completion of the transaction, the chief executive officer now directly owns 165,000 shares in the company, valued at approximately $4,260,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of ELLIE MAE from $38.00 to $36.00 in a research note to investors on Friday, November 1st. They now have an “overweight” rating on the stock. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of ELLIE MAE in a research note to investors on Friday, November 1st. They now have a $37.00 price target on the stock. Finally, analysts at Dougherty & Co downgraded shares of ELLIE MAE from a “buy” rating to a “neutral” rating in a research note to investors on Friday, November 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $36.20.
ELLIE MAE (NASDAQ:ELLI) traded down 0.80% on Friday, hitting $26.03. 196,942 shares of the company’s stock traded hands. ELLIE MAE has a one year low of $18.61 and a one year high of $33.24. The stock has a 50-day moving average of $26.93 and a 200-day moving average of $28.00. The company has a market cap of $715.7 million and a price-to-earnings ratio of 49.60.
ELLIE MAE (NASDAQ:ELLI) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.05. The company had revenue of $33.00 million for the quarter, compared to the consensus estimate of $34.37 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 20.0% on a year-over-year basis. On average, analysts predict that ELLIE MAE will post $0.99 earnings per share for the current fiscal year.
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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